Vanquis Banking Regulatory News (VANQ)

Vanquis Banking Group plc

Non-Executive Director Changes

27 March 2024

Vanquis Banking Group plc is pleased to announce the appointment of three new Independent Non-Executive Directors: Karen Briggs, Oliver Laird and Jackie Noakes, effective 27 March 2024, with two Independent Non-Executive Directors stepping down: Elizabeth G. Chambers and Margot James.

Karen Briggs is a qualified accountant with over 30 years' financial services and banking experience and has been a KPMG UK and FTI Consulting EMEA Executive Committee member and senior leader, with focus on governance, risk and compliance. Oliver Laird is a highly experienced CFO and non-executive director. He has extensive finance and regulatory experience in financial services, banking and manufacturing, having been CFO at Lookers plc and CFO of First Direct Bank. Jackie Noakes is a senior executive with extensive experience in large scale financial services and banking businesses, currently Chief Operating Officer (COO) of Phoenix Group and was previously Group COO at Bank of Ireland.

Elizabeth G. Chambers, after having served over two terms, and Margot James over one term, have informed the Board of their decision to step down, and will not be seeking re-election as Independent Non-Executive Directors at the forthcoming AGM, and therefore will leave the Board as of 15 May 2024.

Sir Peter Estlin, Chairman of Vanquis Banking Group, commented:

"I would like to take the opportunity to thank Libby and Margot for their contribution to Vanquis Banking Group. Their leadership and guidance have been invaluable as we have successfully repositioned Vanquis as a specialist banking group.

I am delighted to welcome Karen, Oliver and Jackie to the Board. Their wealth of expertise complements the Board's skill set, as it supports the Group through business and culture change, whilst delivering responsible lending to its customers."

The following information is disclosed in accordance with LR 9.6.13:

In accordance with the Listing Rules, there are no other matters requiring disclosure under 9.6.13R of the Listing Rules of the Financial Conduct Authority in relation to the appointment of Karen Briggs, Jackie Noakes and Oliver Laird.

Notes to Editors:

Biographies:

Karen Briggs

Karen has been a KPMG UK and FTI Consulting EMEA Executive Committee member and senior leader and is a qualified accountant with over 30 years' experience. Karen held many senior leadership roles at KPMG UK, including as Head of Risk Consulting and Head of Tax, Pensions and Legal Services. Throughout her career she has had a focus on financial services, governance, risk and compliance, AI, big data and technology. Karen is a NED of the Invictus Games Foundation Board, Chair of the Audit & Risk Committee and Independent Council member at Imperial College London, Strategic Adviser to Eversheds Sutherland International and a NED and Chair of the Audit & Risk Committee at Chubb Underwriting Agencies Ltd (Designate). She is also an Advisory Council Member for Elevate City, a women's leadership network.

Oliver Laird

Oliver is a highly experienced Chief Finance Officer (CFO) and non-executive director. He has extensive finance and regulatory experience in financial services and banking, manufacturing and consultancy having been CFO at Lookers plc, CFO of First Direct Bank, Director Central Finance at Lloyds Banking Group and Finance Director of Co-Op Insurance Services. Oliver was also CFO at CPP Group plc, a multi-national financial services business, from 2017 to 2021. Oliver has also held non-executive director roles with a social housing provider, the British Council, Leeds University Union and Beverley Building Society, where he is Audit Committee Chair.

Jackie Noakes

Jackie is a senior executive with extensive experience in large scale financial services and banking businesses, having performed roles as CEO, Chief Operating Officer, and Chief Information Officer. Jackie has non-executive experience in Mutuals and listed businesses. She joined the Bank of Ireland (BOI) in 2018 as Group Chief Operating Officer and played a key role in delivering the bank-wide IT transformation programme. Between 2018 and 2022 Jackie held the role of non-executive director of BOI (UK) Plc. Jackie also held a number of senior roles at Legal & General (L&G) including as chief executive of L&G's mature savings business and group IT and shared services director. Between 2020 and 2022, Jackie was a non-executive director at One Family (the Family Assurance Friendly Society Ltd).