View more on these topics

OneSavings Bank chief exec Mike Lazenby steps down

MIKE-LAZENBY.jpg

OneSavings Bank chief executive Mike Lazenby will leave the bank later this month.

Lazenby, who will leave the bank on February 28, was chief executive of Kent Reliance Building Society for more than 11 years.

He was involved in the creation of OneSavings Bank, which is jointly owned by Kent Reliance Provident Society and JC Flowers. The bank was created as part of a restructuring deal that saw a £50m capital injection from the private equity group.

The board has begun searching for a successor. In the meantime finance director Bob Scruton will become interim chief executive.

OneSavings Bank chairman Malcolm McCaig says: “He played a key part in the creation of OneSavings Bank, and, in doing so, has helped protect the interests of members as part of a bigger, better capitalised and competitive player in the financial services sector.

“Having achieved this, Mike and the board have agreed that the time is right for him to step down from his position as chief executive.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com