Jeremy Wood appointed interim CEO

OneSavings Bank Plc appoints Jeremy Wood as interim CEO

OneSavings Bank Plc is pleased to announce the appointment, subject to FSA approval, of Jeremy Wood as interim Chief Executive Officer.

Jeremy has held a number of senior posts at the Nationwide Building Society over the past twenty years, most recently as Divisional Director of Customer Operations. His other positions with Nationwide have been Divisional Director: Consumer Finance; Banking, Savings & Mortgages; Treasury; and Commercial. Prior to Nationwide he held managerial posts with National Westminster Bank.

On Jeremy's appointment Bob Scruton, who has been fulfilling the role of interim CEO will return to his duties as Finance Director of OneSavings Bank.

Malcolm McCaig, Chairman of OneSavings Bank said,

"We are absolutely delighted that Jeremy has agreed to join us as interim CEO. Jeremy brings with him a wealth of experience that will help us develop the business. We have a solid foundation for growth and Jeremy will oversee the next stage of our development while we continue the search for a permanent CEO."

About OneSavings Bank Plc

OneSavings Bank Plc is jointly owned by Kent Reliance Provident Society and J C Flowers & Co. It is registered at Reliance House, Sun Pier, Chatham, Kent (company number 7312896) and is authorised and regulated by the Financial Services Authority (registered number 530504).

OneSavings Bank Plc is a member of the Financial Services Compensation Scheme.

Contact: Tim Sawyer, Chief Operating Officer 01634 848944