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Brian Pitman tipped for Virgin Money role

Former Lloyds TSB chairman and chief executive Brian Pitman is tipped for the role of chairman in Virgin Money’s new banking venture.

According to Reuters reports, Richard Branson’s Virgin Money is in talks with Pitman over the role.

Pitman was lined up to chair Virgin Money if it had taken over Northern Rock in early 2008, but the lender was nationalised.

Last week Virgin appointed former RBS executive Finlay William-son as finance director, former Bradford & Bingley director of savings Ian Cornelius as banking director and HBOS head of legal for retail Marcus Ezekiel as commercial director.

Earlier this month Virgin Money agreed a deal to buy a small regional private bank Church House Trust as the platform for its retail banking launch.

Virgin Money would not comment on Pitman’s rumoured appointment.


The sting in the tail

At the risk of becoming a bore, (or even more of one, as a few anonymous fans have suggested), I again find fault with our lords and masters at Canary Wharf. They were everybody’s favourite whipping boy in 2009 and this year looks like being no different. On this occasion, my ire has been raised […]

Nationwide raises specialist SVRs

Nationwide is to increase standard variable rates by between 0.3 and 0.5 per cent on mortgages from its specialist lending arms The Mortgage Works and UCB Homeloans.

T.Bailey passive-ies growth fund

T. Bailey Asset Management has created an actively managed portfolio of passive funds based around the asset allocation of its flagship growth fund.

Nigeria cover image - thumbnail

White paper — Nigeria International Insights

Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.


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