Shawbrook Group Plc
SHAW:LN
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Overview
Company Profile
Specialist UK saving and lending bank founded in 2011 with the aim of catering to UK SMEs and individuals. Listed on the LSE in April 2015, its main markets are property finance, business finance and consumer. The former is geared towards the specialist residential investment and commercial property market and to professional property investors and SME owner-occupiers. The business finance unit meanwhile provides funding for SMEs soft and critical business assets. It provide finance to smaller UK financial institutions through wholesale and block facilities. The consumer arm offers tailored products directly and through strategic partners.
Classification
Financials
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Corporate
Board of Directors
Iain Cornish
Chairman
Iain Cornish joined the group as Chairman in July 2015. Prior to this appointment, Iain was a founding member of the PRA Board since its formation in 2013. He is currently a senior independent director of Arrow Global Group PLC and of St James’s Place plc. Iain spent 19 years at Yorkshire Building Society, including eight as chief executive officer between 2003 and 2011.
Tom Wood
Interim Chief Executive Officer, Chief Financial Officer and Director
Tom Wood currently serves as Interim Chief Executive Officer, Chief Financial Officer of the Company and as a Director. Tom has significant experience in banking and financial management. Prior to joining the Group in 2012, Tom was the finance director of NBNK Investments plc and group CFO of Skipton Group. He began his career in financial services with Barclays where he held a number of senior roles in finance, risk and corporate development. Subsequently he was group CFO of Derbyshire Building Society, playing a key role in its merger with Nationwide, and also played a leading role in the restructure of Northern Rock in 2009. He is ACA qualified and holds a LLB (Hons) in International Law from Glasgow University.
Stephen Johnson
Deputy Chief Executive Officer and Managing Director, Commercial Mortgages
Stephen has 14 years\' experience in building specialist lending businesses, across commercial and consumer lending markets in the UK. Stephen was part of the founding team at the bank and previously served again as a founding member of the management team at Commercial First, establishing a key profile in the intermediary market. He is ACA qualified and holds a BA(hons) in Management and Business Administration from Reading University.
Graham Alcock
Independent Non-Executive Director
Graham Alcock currently serves as a Non-Executive Director of the Company and has been with the Group for eight years, having been a non-executive director of Whiteaway Laidlaw Bank. Graham is an experienced corporate banker, having spent 37 years in a variety of senior posts with Royal Bank of Scotland plc prior to his retirement in 2005, when he was senior director of commercial banking for the Manchester region.
Robin Ashton
Independent Non-Executive Director and Senior Independent Director
Robin Ashton currently serves as a Non-Executive Director of the Company. Robin has been a non-executive director of Leeds Building Society since April 2011 and its chairman since March 2013. He is also a non-executive director of Non-Standard Finance plc. Robin spent 24 years at Provident Financial plc, joining the Board in 1993, initially as finance director, then deputy chief executive in 1999 and as chief executive in 2001, leaving in early 2007 prior to the demerger of Provident’s international business. During his tenure as chief executive he oversaw the expansion of Provident’s international business into six countries and its progression from start-up loss to a substantial profitable business. Robin was also involved in the establishment in 2003 and subsequent development of Vanquis Bank, now Provident Financial’s most profitable business. Robin then spent 11 months as chief executive of London Scottish Bank plc He has also been non-executive chairman of Apple Holdco Limited, the original holding company for what is now Shawbrook Bank Limited’s Secured Lending business, and was a non-executive director of Albemarle & Bond Holdings PLC (A&B) for 13 months from October 2012 where he played a significant role trying to recapitalise the business. He resigned from A&B in November 2013 prior to the business being sold via an administration in March 2014. Robin has extensive experience in retail financial services in both the U.K. and internationally. He is ACA qualified (1982) and holds a Bachelor of Arts (Hons) in Economics and Law from Durham University (1979)
Roger Lovering
Independent Non-Executive Director
Roger Lovering currently serves as a Non-Executive Director of the Company. Roger is also a Director of Caswell Consultancy Limited. Previously, Roger was chief executive officer at Santander Cards UK Limited, head of European cards at HSBC and chief operating officer and director at HFC Bank Limited. He is a member of ICAEW and has a degree in Accountancy and Financial Analysis from Warwick University.
Lindsey McMurray
Non-Executive Director
Lindsey McMurray currently serves as a Non-Executive Director of the Company as a representative director of its major shareholder. Lindsey is managing partner of private equity fund manager Pollen Street Capital, an affiliate of the major shareholder. Pollen Street Capital is an independent private equity manager that focuses on investing in high quality financial services businesses across Europe. Lindsey has over 15 years of experience as a private equity investor with a particular focus on the financial services sector. Prior to her time at Pollen Street Capital she was head of RBS Equity Finance where she led the management of the RBS Special Opportunities Funds, a £1.1 billion private equity fund. Prior to this she was at Cabot Square Capital, Ltd. for six years where she was a partner. She is also currently a director of Pollen Street Capital Limited. She holds a first class honours degree in Accounting and Finance from Strathclyde University.
Paul Lawrence
Independent Non-Executive Director
Paul Lawrence joined Shawbrook in August 2015. Previously, Paul was formerly Global Head of Group Internal Audit for HSBC. During a 31 year career with the bank, Paul was CEO of HSBC Bank, North America, Head of Global Banking & Markets USA, CEO of HSBC Singapore, and CEO of HSBC Philippines.