UK Bank Boards Analysis, As of January 2021

UK Bank Boards Analysis, as of January 2021

Welcome to the eleventh, bi-annual Ridgeway Partners UK Bank Boards Analysis, as of January 2021. We list all non executive and executive board members, including their board roles, business backgrounds, nationality, gender and tenure. We have also included selected analytics on the 354 directors across the 36 banks. We have divided the sector into the following groups: Table 1a Largest UK Bank/Mutual Boards Table 1b Ring-Fenced and Non-Ring-Fenced UK Bank Boards Table 2 Mid-sized Listed UK Bank Boards Table 3 Subsidiary/Private Equity/Hedge Fund backed UK Bank Boards Table 4 Larger UK Building Societies and Leading Irish Bank Boards Table 5 ‘Neobank’/Fintech UK Bank Boards For this edition, we have added selected company and Chief Executive Officer highlights and analytics at the back of the document.

UK Bank Boards Analysis as of January 2021 www.ridgewaypartners.com1 HEADLINES OVER THE LAST SIX MONTHS Context and macro themes • UK bank boards have continued to face an unpredictable period over the last six months with the ongoing developments of the COVID pandemic, uncertainties over Brexit, and broader economic and societal challenges. Banking margins and valuations continue to be under pressure, with government and regulatory policy having an impact. • Board evolution, succession and recruitment have continued across financial services and banking, although at a slower pace overall than earlier in 2020, as boards focused on the immediate challenges and more stability. • The banking sector in general, and bank boards themselves, have achieved a great deal over the last year: transferring to virtual working within weeks; supporting customers and large-scale government initiatives, and demonstrating commendable flexibility and resilience. • Bank boards have had to plan material IFRS9 reserves, and significant uncertainty remains as to the timing and reality of how this will play out post lockdown, regarding future employment and loan repayment outcomes. • The COVID pandemic has added additional dimensions and focus to the agenda, with bank boards addressing: – key themes around virtual employee engagement, colleague well-being and mental health, and complex issues of inclusion, flexible working models and the impact on productivity. – in some cases, fundamental challenges to their sectors and business survival or continuity, whilst others have been addressing the potential reputational issues of appearing to “benefit” from the crisis. – the demanding and changing geopolitical context, engaging with topics such as climate change, social and income inequality, and racial and gender diversity. – the broadening scope and complexity of risks including technology, digital, data, cyber and financial crime responses, as well as ESG priorities. Impacts on board activities • With lockdowns and restrictions, boards and candidates have adapted to make appointments and accept offers without any in-person meetings, with many joining boards and undergoing induction with no face to face contact to date. • On remuneration, responding to economic realities, several banks have stated they will reduce, remove or redeploy bonuses for 2020. Many non executives have taken pay-cuts for a defined period. However, given the increasing time and complexity demands on board members, the trend on board remuneration is overall upwards, particularly for SMR committee chairs. • Whilst boards have found benefits during this online period via flexibility, time and travel efficiencies, and the overall “democratisation” of board and executive interaction, there remains a view that a return to a combination of face to face meetings and online will be desirable. Developments across board succession and talent priorities • Boards have continued to address diversity proactively in its widest sense and are becoming more interested in all aspects, including cognitive, business and socio-economic background. This includes: – diversity across sector, business context and geography, with those with transformation and M&A experience in demand. – the broader dimensions of age/generational (“reverse mentoring”) perspectives, education and social background/social mobility. – ongoing significant demand for greater female representation in the boardroom, for chair and committee chair roles, and specifically for executive general management talent. – a significantly increased prioritisation to encourage and ensure greater Black and Minority Ethnicity representation across the UK banking sector, leading to significant demand. Ridgeway is very active across this area, working with boards managing complex themes such as ethnic diversity reporting (GDPR rules and the requirement for self identification), and encouraging boards to be flexible in their role descriptions. • Boards are focused on evidencing greater commitment to overall purpose and society, and integrating sustainability and ESG into their plans, operations and culture. This includes: – appointing a board representative for climate change, as well as new reporting demands as to how companies are, for example,meet- ing their s172 obligations to all stakeholders. – having dedicated responsible banking/ESG sub committees at board level and/or a dedicated ESG executive committee. – increasingly appointing designated NEDs with responsibility for employee relations and representation. • The demand for those who can evidence experience of “next generation financial services” thinking (digital/data/fintech) and continu- ously transforming business models is significant: – boards are seeking deeper experience of technology-driven organisational change, operational resilience, agile working, data analytics, cyber and cloud-based systems. • Given the enhanced use of online communication and work flexibility, there is a greater appetite to consider talent that is “best in class internationally”, and less constrained by local geography. • In response to the above, Ridgeway are working with several boards focusing on proactive succession/diversity planning at Board and Exco level, which is regularly updated.

2 UK Bank Boards Analysis as of January 2021 These tables summarise the composition of UK Bank Boards. The analysis is based on 354 directors of 36 banks, as of January 2021.* *The Ring-Fenced and Non-Ring-Fenced bank board members on Table 1b are not included in the analytics due to the overlap of board members with the group boards.

8 50 7 6 40 5 30 4 3 20 2 Number of banks 10 1

0 of female directors Percentage 0 6 7 8 9 10 11 12 13 14 CEO CFO EXEC CHAIR NED Number of directors Role BOARD SIZE GENDER – BY ROLE • The average board size is 9.8 directors, ranging from 6 for Zopa to 14 for • 41% of non executive directors are female, slightly higher than our last HSBC, Santander and Standard Chartered. report. • The average size is down slightly from the last report (10.2 in July 2020) • In total 11% of the bank executive directors are female (11% of CEOs, 13% of CFOs and 8% of other EDs).

10 % 100

8 80

60 6 40 4 20 Number of banks 2 0

0 Risk - Male SID - Male 1 2 3 4 5 Chair - Male Audit - Male SID - Female Chair - Female Audit - Female Risk - Female Number of female directors Remuneration - Male GENDER – DIRECTORS Remuneration - Female • 31% of directors are female. This is slightly below the Hampton-Alexander GENDER – COMMITTEE CHAIRS target of 33% representation set for the end of 2020. To reach the target of • The role with the highest proportion of females is remuneration chair (61%) 33% would require a net increase of just six female directors. followed by SIDs (33%). This compares to 31% of chairs of audit, 19% chairs of risk and 9% of chairs. • Two thirds of banks (24) have at least three female directors. • All these percentages are higher since our last report, except for chairs which remained the same.

5 British 4 Irish

American 3

Spanish 2 South African Number of Chairs 1 Swedish

0 French Less 1 2 3 4 5 6 7 8 9 10 than 1 New Zealander Total years on board TOP 8 NATIONALITIES CHAIR TENURE • 70% of directors are British, 30% other nationalities. 8% are American • The average (mean) year of appointment was 2016. (29), 17% other European nationalities (the top nationalities being Irish 39, • The chair has been on the board on average (mean) for 3 years. This Spanish 9 and Swedish 4), 5% other nationalities (the top other nationalities includes time they were a NED or Chair Elect. being South African 5 and New Zealander 3). • This is down from a mean of 5 years since our last report, reflecting several new chair appointments.

UK Bank Boards Analysis as of January 2021 3 Table Largest UK Bank/Mutual Boards Analysis as of January 2021 1a Key: NAME Year of joining board Nationality Business background Red highlights female

NIGEL HIGGINS 2019 MARK TUCKER 2017 ROBIN BUDENBERG CBE DAVID ROBERTS CBE 2015 SIR HOWARD DAVIES 2015 WILLIAM VEREKER 2020 JOSÉ VIÑALS 2016 2020 CHAIR Investment Banking Insurance Retail/Wholesale Regulator Investment Banking Economist/Central Investment Banking/ Banking Banking/IMF Government ACA

DR BRIAN GILVARY 2020* DAVID NISH 2016 (SID & ALAN DICKINSON 2014 KEVIN PARRY OBE 2016 MARK SELIGMAN 2017 CHRIS JONES 2015 NAGUIB KHERAJ 2014 (SID) (AUDIT CHAIR) (SID & DEPUTY CHAIR) (SID & AUDIT CHAIR) (SID) (AUDIT CHAIR) (DEPUTY CHAIR & NED Finance/Oil and Gas Insurance/ Retail/Wholesale Finance Investment Banking Audit (FCA) RISK CHAIR) Investment (ICAS) Banking Retail and Wholesale Banking/Finance MIKE ASHLEY 2013 JACKSON TAI 2016 SARAH LEGG 2019 TIM TOOKEY 2015 PATRICK FLYNN 2018 ED GIERA 2015 CHRISTINE HODGSON (AUDIT CHAIR) (RISK CHAIR) (AUDIT CHAIR) (RISK CHAIR) (AUDIT CHAIR) (RISK CHAIR) CBE 2013 (SID & NED Risk/Audit (FCA) Investment/Retail Wholesale/Retail Insurance/Retail Retail/Wholesale Investment Banking REMUNERATION CHAIR) Banking Banking/Finance (CIMA) Banking Banking (FCA) Technology/Finance (FCA) TIM BREEDON CBE 2012 PAULINE VAN DER CATHERINE WOODS 2020 MAI FYFIELD 2015 l MORTEN FRIIS 2014 ANNEMARIE DURBIN 2016 PHIL RIVETT 2020 (RISK CHAIR) MEER MOHR 2015 (RISK CHAIR) (REMUNERATION CHAIR) (RISK CHAIR) (REMUNERATION CHAIR) l (AUDIT CHAIR) NED Insurance/ (REMUNERATION CHAIR) Strategy/Investment Media Capital Markets/Risk Retail/Wholesale Audit (ACA) Investment Human Resources Banking Banking/Legal CRAWFORD GILLIES 2014 HENRI DE CASTRIES 2016 STUART SINCLAIR 2016 GUNN WÆRSTED 2017 l ROBERT GILLESPIE 2013 GARRETT CURRAN 2019 l JASMINE WHITBREAD l (REMUNERATION CHAIR) (REMUNERATION CHAIR) (REMUNERATION CHAIR) 2015 NED Insurance Wholesale Banking/ Investment Banking Strategy Consulting Retail Banking/ Media/Telco Wholesale Banking Charity/Financial (ACA) Insurance (ACA) Information SIR IAN CHESHIRE 2017** THE HON. LAURA CHA, SARA WELLER CBE l RITA CLIFTON CBE 2012 MIKE ROGERS 2016 l ANA BOTÍN 2010 GAY HUEY EVANS OBE l GBM 2011 2012*** 2015 NED Retail Brand/Marketing Retail Banking/ Retail/Wholesale Hong Kong Retail Insurance Banking Capital Markets/ Government/Regulatory Regulation DR MOHAMED A. EL-ERIAN JAMIE FORESE 2020 LORD JAMES LUPTON ALBERT HITCHCOCK 2018 DR YASMIN JETHA 2020 l BRUCE CARNEGIE-BROWN DAVID CONNER 2016 2020 Investment/Private CBE 2017 Media/ Retail Banking/IT 2019 Wholesale Banking NED Economist Banking Investment Banking Telecommunications/IT Investment Banking/Private Equity/ Insurance DAWN FITZPATRICK 2019 STEVE GUGGENHEIMER AMANDA MACKENZIE TAMARA RAJAH MBE 2020 DR LENA WILSON CBE l MARK LEWIS 2020 DR BYRON GROTE 2014 2020 OBE 2018 2018 NED Asset Management Strategy Consulting/ Digital/Retail Oil and Gas/Finance Technology Charity/Insurance/ Digital Government/ Advertising Investment Banking MARY FRANCIS CBE 2016 IRENE LEE 2015 NICK PRETTEJOHN 2014 PHILIP (PHIL) RIVETT 2019 FRANK DANGEARD 2016 DIRK MARZLUF 2019 DR NGOZI OKONJO- IWEALA 2017 NED Government Wholesale Banking Insurance/Media Audit (ACA) Investment Banking/ Insurance/ Telecoms Technology Nigerian Government/World Bank DIANE SCHUENEMAN 2015 DR JOSÉ ANTONIO MEADE GENEVIEVE SHORE 2015 MARIA RAMOS 2021 KURIBREÑA 2019 NED Investment Banking Publishing/Digital Economist/ Government/ Government/Transport/ Banking Banking HEIDI MILLER 2014 DAVID TANG 2019 NED Investment/ Technology/Venture Wholesale Banking Capital EILEEN MURRAY 2020 CARLSON TONG 2019 NED Asset Management/ Audit (FCA) Investment Banking

JES STALEY 2015 NOEL QUINN 2019 ANTÓNIO HORTA-OSÓRIO JOE GARNER 2016 ALISON ROSE 2019 NATHAN BOSTOCK 2014 BILL WINTERS CBE 2015 ED – CEO Investment Banking/ Wholesale Banking 2011**** Retail Banking/ Retail/Wholesale Retail/Wholesale Investment Banking Wholesale Banking Retail Banking Telecommunications Banking Banking (ACA) TUSHAR MORZARIA 2013 EWEN STEVENSON 2019 WILLIAM CHALMERS 2019 CHRIS RHODES 2009 KATIE MURRAY 2018 DUKE DAYAL 2019 ANDY HALFORD 2014 ED – CFO Investment Wholesale Banking/ Investment Banking Retail/Wholesale Retail/Wholesale Retail/Wholesale Banking/Wholesale Banking/ Finance Banking/Finance (ACA) Banking/Insurance/ Finance Banking/Finance (CIMA) Telecommunications/Finance Finance (ACA) (CA) (FCA)

EXECUTIVE SUSAN ALLEN 2019 Retail/Corporate DIRECTOR Banking TONY PRESTEDGE 2020 Building Society

Themes around Employee Themes around Employee l Chair of Responsible l Responsible for Employee l Chair Group Sustainable l Chair of Responsible l Chair of Brand Values & Representation, Technology Representation, Technology Business Committee. Engagement. Banking Committee. Banking Committee. Conduct Committee. OTHER and ESG are overseen by the and ESG are all covered l Nigel Hinshelwood, l Chair Board IT & l Chair of Technology & l Employee Representative. l Chair of Board Financial Barclays Board. by the Board as a whole, BOARD member of ring fenced Resilience Committee. Innovation Committee. Crime Risk Committee. principally by the Risk bank board, is Chair of the ROLES Committee. l Chair of Colleague Cross Group Information Advisory Panel. Technology Cyber Security Advisory Forum. Note: Boards continue to change. Reflects the market as of January 2021. The board subcommittees noted in this table also cover the ring-fenced and non-ring-fenced boards. * Will assume the Remuneration Chair role 01/03/21. ** Will leave this board after the AGM in May 2021. *** Will retire at AGM in May 2021. Amanda Mackenzie will become Chair of the Responsible Business Committee. **** Announced will step down as Group CEO on 31/4/21. Charlie Nunn will assume CEO position.

Source: Annual Reports, Ridgeway Partners Market Analysis, Boardex – an advanced enterprise solution built to connect you with an exclusive network of global business leaders and decision makers www.boardex.com

4 UK Bank Boards Analysis as ofJanuary 2021 Table Ring-Fenced and Non-Ring-Fenced Bank Boards Analysis as of January 2021 Note: These are the subsidiary Boards of four of the Banks listed in Table 1A. 1b Key: NAME Year of joining board Nationality Business background Red highlights female They are not included in the analytics due to the overlap of Board members.

BARCLAYS BANK LLOYDS BANK BARCLAYS BANK PLC HSBC UK HSBC BANK PLC LLOYDS BANK PLC# NATWEST HOLDINGS LTD NATWEST MARKETS UK PLC CORPORATE MARKETS NON-RING-FENCED RING-FENCED NON-RING-FENCED RING-FENCED RING-FENCED NON-RING-FENCED RING-FENCED NON-RING-FENCED CRAWFORD GILLIES NIGEL HIGGINS 2019 DAME CLARA FURSE STEPHEN O’CONNOR ROBIN BUDENBERG LORD JAMES LUPTON SIR HOWARD DAVIES FRANK DANGEARD ##### 2021 Investment 2018 (REMUNERATION 2018 (REMUNERATION CBE 2020 CBE 2018 2018 2018 CHAIR Strategy Banking CHAIR) CHAIR) Investment Investment Regulator Investment Consulting (ACA) Wholesale Investment Banking/Government Banking Banking/Telecoms Banking/Markets Banking ACA

ANDREW RATCLIFFE MIKE ASHLEY 2019 JIM COYLE 2018 JOHN TRUEMAN 2018 ALAN DICKINSON 2018 ANDREW MCINTYRE GRAHAM BEALE CBE BRENDAN NELSON 2018 2018 (AUDIT CHAIR) (AUDIT CHAIR) (AUDIT CHAIR) (DEPUTY CHAIR) (DEPUTY CHAIR) 2018 (AUDIT CHAIR) 2018 (SID) (AUDIT CHAIR) NED Audit (ACA) Risk/Audit Retail/ Investment Retail/Wholesale Audit Retail Banking Audit (ACA)s (FCA) Commercial Banking Banking Banking (FCA) DAVID THORBURN TIM BREEDON CBE MRIDUL HEGDE 2018 ANDREW WRIGHT NIGEL HINSHELWOOD JOHN CUMMINS 2018 PATRICK FLYNN 2018 VIVEK AHUJA 2018 2018 (RISK CHAIR) 2019 (RISK AND (RISK CHAIR) 2018 (AUDIT CHAIR) 2019 (SID) (RISK CHAIR) (AUDIT CHAIR) (RISK CHAIR) NED Retail Banking/ REMUNERATION CHAIR) Government/ Finance/ Retail/ Retail/ Retail/Wholesale Retail/Wholesale Commercial Banking Insurance/ Regulatory Investment Banking Commercial Banking Commercial Banking/ Banking Banking/Finance (ACA) Investment Insurance MICHAEL JARY 2018 DR MOHAMED A. DAME DENISE HOLT DR ERIC STRUTZ 2018 SARAH LEGG 2019 JOHN OWEN 2018#### MORTEN FRIIS 2018 TAMSIN ROWE 2019 (REMUNERATION CHAIR) EL-ERIAN 2019 2018* (RISK CHAIR) (AUDIT CHAIR) (REMUNERATION CHAIR) (RISK CHAIR) (REMUNERATION CHAIR) NED Retail/Strategy Economist Diplomatic Investment Wholesale/Retail Wholesale Capital Markets/ Investment Banking Banking/Finance (CIMA) Banking Risk Banking/HR AVID LARIZADEH DAWN FITZPATRICK ALAN KEIR 2018 DAME MARY MARSH CATHERINE WOODS CARLA ANTUNES DA ROBERT GILLESPIE 2018 ANNE SIMPSON 2020 DUGGAN OBE 2018 2019 Retail/ 2018 2020 (RISK CHAIR) SILVA 2018 (LLOYDS (REMUNERATION CHAIR) Audit (FCA) NED Technology/ Asset Commercial Banking Charity Strategy/ EXEC) Wholesale Venture Capital Management Investment Banking Investment/ Banking (ACA) Wholesale Banking KATHRYN MATTHEWS MARY FRANCIS CBE ROSEMARY LEITH 2018 YUKIKO OMURA 2018 STUART SINCLAIR 2018 EVE HENRIKSON 2020 MIKE ROGERS 2018 SARAH WILKINSON 2018 2018 2019 (REMUNERATION CHAIR) NED Technology/ Investment E-Commerce Retail Banking/ Investment Investment Government Financial Services Banking Retail Banking/ Insurance Banking/IT Management Insurance SIR JOHN TIMPSON DIANE SCHUENEMAN DAVID LISTER 2018 SARA WELLER CBE LETITIA SMITH 2020 DR YASMIN JETHA 2018 CBE 2018 2019 2018## NED Consumer Retail Banking/ Retail Banking/IT Retail Investment Goods/IT Retail Risk Banking CHRIS PILLING 2018 LESLIE VAN DE WALLE SARAH BENTLEY 2019 DR LENA WILSON CBE 2018 2018 NED Retail Banking Strategy/ Retail/Oil Operations/Technology Government/ and Gas Investment Banking BRENDAN GILLIGAN FRANCESCA BARNES 2019 2018 NED Retail/ Investment Commercial Banking Banking LORD JAMES LUPTON IAN CORMACK 2018 CBE 2018 NED Investment Investment Management Banking AMANDA MACKENZIE MARK SELIGMAN 2018 OBE 2018 NED Investment Charity/ Banking Insurance/Advertising NICK PRETTEJOHN NED 2018 Insurance/Media

MATT HAMMERSTEIN JES STALEY 2019 IAN STUART 2018 NUNO MATOS 2020*** ANTÓNIO HORTA- EDUARDO STOCK DA ALISON ROSE 2018 ROBERT BEGBIE 2019 2019 OSÓRIO 2018### CUNHA 2020 Wholesale/Retail ED – CEO Investment Retail/ Retail/ Retail/Wholesale Retail Banking/ Banking/Wholesale Commercial Banking Commercial Banking Retail Banking Retail Banking Banking Banking Consulting Banking JAMES MACK 2020 TUSHAR MORZARIA DAVID WATTS 2018 JACQUES FLEURANT WILLIAM CHALMERS CHRIS EDIS 2019 KATIE MURRAY 2018 DAVID KING 2020 Retail/ 2013 Retail Banking/ 2018**** 2019 Retail/ Retail/Wholesale Wholesale ED – CFO Commercial Banking/ Investment Audit/Finance Finance Investment Wholesale Banking Banking/Insurance/ Banking Finance Banking/Wholesale Banking Finance Banking/Finance (ACA)

JAMES CALLADINE PETER REID 2018**** EXECUTIVE 2018** Finance/ DIRECTOR Retail/ Commercial Banking Commercial Banking Note: Boards continue to change. Reflects the market as of January 2021. * Will retire from the board in April 2021. # At Lloyds Banking Group, The Group Board effectively operates as the ring-fenced bank board, but with three additional independent NEDs. ** Will leave this board in Q2 2021. ## Will retire at AGM in May 2021. *** Will become CEO of Wealth and Private Banking, Replacement not yet announced. ### Announced will step down as Group CEO on 31/4/21. Charlie Nunn will assume CEO position. **** These executives attend the Board, but are not members of the Non-Ring-Fenced Board. #### Will become SID 31/01/21. ##### Acts as an observer at the Natwest Holdings Ltd Board. Source: Annual Reports, Ridgeway Partners Market Analysis, Boardex www.boardex.com

UK Bank Boards Analysis January 2021 5 Table Mid-Sized Listed UK Bank Boards Analysis as of January 2021 2 Key: NAME Year of joining board Nationality Business background Red highlights female

MIKE BIGGS 2017 ROBERT SHARPE 2020 DAVID WEYMOUTH 2017 FIONA CLUTTERBUCK 2012 THE RT HON. THE LORD DAVID BENNETT 2015 FORSYTH OF DRUMLEAN Insurance (ACA) Building Society/ Retail Banking/ Investment Banking/ Retail Banking 2014 CHAIR Retail Banking Insurance/IT Strategy Government/ Wholesale Banking

MARK PAIN 2021 (SID) SIR MICHAEL SNYDER NOËL HARWERTH 2019 (SID) HUGO TUDOR 2014 ANN BERRESFORD 2016 TIM WADE 2016 (INTERIM SID 2016 (SID) (SID & REMUNERATION CHAIR) (SID & AUDIT CHAIR) & AUDIT CHAIR) NED Retail/Retail Insurance/ Banking/Real Estate (FCA) Audit (FCA) Wholesale/Investment Banking Fund Management Oil and Gas/Retail Retail Banking (FCA) (ACA) Banking (ACA) OLIVER CORBETT 2014 MICHAEL TORPEY 2019 RAJAN KAPOOR 2019 ALISON MORRIS 2020 PAUL MYERS 2018 GEETA GOPALAN 2018 (AUDIT CHAIR) (AUDIT CHAIR) (AUDIT CHAIR) (AUDIT CHAIR) (RISK CHAIR) (RISK CHAIR) NED Investment Banking/ Retail/Wholesale Retail/Wholesale Audit (ACA) Retail/Commercial Retail/Corporate Insurance (FCA) Banking Banking (FCA) Banking Banking/Payments (ACA) LESLEY JONES 2013 IAN HENDERSON 2020 GRAHAM ALLATT 2014 PETER HILL 2020 (RISK & VICTORIA STEWART 2016 DARREN POPE 2018 (RISK CHAIR) (RISK CHAIR) (RISK CHAIR) COMPLIANCE CHAIR) (REMUNERATION CHAIR) (REMUNERATION CHAIR) NED Wholesale Banking/ Retail/Wholesale Retail/Wholesale Building Society Asset management Retail Banking/ Risk Banking Banking (FCA) Finance (FCCA) BRIDGET MACASKILL 2013 CATHERINE BROWN 2018 MARY MCNAMARA 2014 BARBARA RIDPATH 2017 BARONESS LUCY NEVILLE PAUL COBY 2016 (REMUNERATION CHAIR) (REMUNERATION CHAIR) (REMUNERATION CHAIR) ROLFE DBE, CMG 2018 NED Wholesale Banking/ Retail/IT Investment Retail Banking/ Wholesale Banking Credit Rating Agency Retail/Government Management Private Equity PETER DUFFY 2019 SALLY CLARK 2020 SARAH HEDGER 2019 GRAEME YORSTON 2017 DAVID MCCREADIE 2019* AMY STIRLING 2018 NED Digital/Travel/Retail/ Retail/Wholesale/ Investment/ Retail Banking/IT Retail Banking Telecoms/Media/ Wholesale Banking Investment Banking Commercial Banking Financial Services/Finance (FCA) SALLY WILLIAMS 2020 ANNE GRIM 2020 NED Retail Banking/Audit/ Retail Banking/ Insurance (ACA) Investment Management MONIQUE MELIS 2017 NED Regulatory

PAUL THANDI CBE 2019 NED Events/Media

NICK WINSOR 2020 NED Retail/Commercial Banking

DR ADRIAN SAINSBURY 2020 DAN FRUMKIN 2020 ANDY GOLDING 2012 NIGEL TERRINGTON 1990 DAVID MCCREADIE 2019* DAVID DUFFY 2015 ED – CEO Wholesale Banking Wholesale/Retail Retail Banking Investment/ Retail Banking Retail/Wholesale Banking Wholesale Banking Banking

MIKE MORGAN 2018 DAVID ARDEN 2018 APRIL TALINTYRE 2012 RICHARD WOODMAN 2012 RACHEL LAWRENCE 2020 ** ED – CFO Wholesale Banking/ Retail Banking/ Wholesale Banking/ Wholesale Banking Retail Banking Insurance/Finance (ACA) Finance (CIMA) Audit (ACA) (CIMA) (ACMA)

Note: Boards continue to change. Reflects the market as of January 2021. * Paul Lynam remains with the Group in an executive capacity to support handover until March. ** Enda Johnson is Interim CFO but is not a board member. Clifford Abrahams to join as CFO in March 2021.

Source: Annual Reports, Ridgeway Partners Market Analysis, Boardex www.boardex.com

6 UK Bank Boards Analysis as of January 2021 Table Subsidiary/Private Equity/Hedge Fund backed UK Boards Analysis as of January 2021 3 Key: NAME Year of joining board Nationality Business background Red highlights female

PAT BUTLER 2018 RICHARD PYM CBE BOB DENCH 2018 MIKAEL HALLÅKER LESLEY JONES 2021 JOHN CALLENDER SIR JOHN KINGMAN RICHARD MEDDINGS 2018 2019 2017 Consulting/ 2020 Insurance/ Wholesale 2018 CHAIR Financial Services Retail/ Retail Banking Retail/ Banking/Risk Retail/ Government/ Wholesale Wholesale Banking Wholesale Banking Wholesale Banking Investment Banking Banking (ACA) (ACA)

CHAIR MIKAEL HALLÅKER MALE SWEDISH RETAIL/INVESTMENT BANKING 2018 DANUTA GRAY 2014 ERIC ANSTEE 2020 DEREK WEIR 2014 JOHN ELLACOTT 2018 PETER CLARKE ROBIN ASHTON JIM WILLENS 2017 LYNNE PEACOCK NED JOHN ELLACOTT MALE BRITISH AUDIT (FCA) 2018 (SID) (SID & AUDIT CHAIR) (SID & RISK CHAIR) (AUDIT CHAIR) 2018 (SID & 2011 (SID & (SID) 2020 (SID & REMUNERATION CHAIR) REMUNERATION CHAIR) REMUNERATION CHAIR) NED TANYA CASTELL FEMALE BRITISH INVESTMENT BANKING 2018 NED Wholesale Retail/ Audit (FCA) Retail Banking Wholesale Banking Retail Banking NED MAUREEN LAURIE FEMALE BRITISH RETAIL/WHOLESALE BANKING/MEDIA 2018 Telecommunications Banking/Energy/Audit Investment Retail/ (FCA) Management Commercial Banking NED AGNETA LILJA FEMALE SWEDISH RETAIL/WHOLESALE BANKING 2019 (ACA) CEO MIKAEL SØRENSEN MALE DANISH RETAIL/WHOLESALE BANKING 2018 JOHN HITCHINS 2014 MARIAN MARTIN 2019 GLYN SMITH 2016 TANYA CASTELL 2018 CAROLE BUTLER 2018 ANDREW DIDHAM JIM MCCONVILLE POLLY WILLIAMS # CFO MARTIN BJÖRNBERG MALE SWEDISH RETAIL/WHOLESALE BANKING 2018 (AUDIT CHAIR) (RISK CHAIR) (AUDIT CHAIR) (RISK CHAIR) (AUDIT CHAIR) 2017 (AUDIT CHAIR) 2014**** (AUDIT CHAIR) 2014 (AUDIT CHAIR) NED Audit (FCA) Retail Retail Banking Investment Wholesale/ Finance/ Insurance/ Audit (ACA) Banking (CA) (ACA) Banking Private Banking (ACA) Commercial Banking Retail Banking/Finance (FCA) (ACA) RICHARD BANKS CBE TUGHAN ALIOGLU SIR BILL THOMAS 2013 MAUREEN LAURIE 2018 GUY THOMAS 2017 PAUL LAWRENCE 2015 ROBERT ENDERSBY ANDREW SIMMONDS 2020 (RISK CHAIR) 2018 (REMUNERATION CHAIR) (REMUNERATION CHAIR) (RISK CHAIR) (RISK CHAIR) 2014 (RISK CHAIR) 2018 (RISK CHAIR) NED Retail/ Investment IT Retail/ Retail Wholesale Wholesale/ Wholesale/ Wholesale Banking Management Wholesale Banking/ Banking (ACA) Banking Retail Banking Retail Banking Media CATHY TURNER 2014 DR ANDREW DOMAN SEBASTIAN GRIGG AGNETA LILJA 2019 CLODAGH MORIARTY CEDRIC DUBOURDIEU AMANDA RENDLE DR PAULINA BEATO (REMUNERATION 2017 2021 Retail/ 2020*** 2017 2016 (REMUNERATION 2017 CHAIR) CHAIR) NED Strategy Investment Wholesale Banking Digital/ Private Equity Financial Retail/ Consulting/Investment Banking Retailer/Strategy Marketing/ Regulation/Utilities Wholesale Banking Management Retail and Commercial Banking DES CROWLEY 2020 TIM HANFORD 2010 SUE HARRIS 2019 MICHAEL ROSS 2015 LINDSEY MCMURRAY JACQUI FERGUSON ELIZABETH (LIBBY) 2011 2018 CHAMBERS 2020 NED Retail/ Investment Retail Retailer/ Commercial Banking Management Banking/Retail Digital Private Equity Technology Retail Banking /Consulting/Marketing HENRY KELLAN 2018 MELBA MONTAGUE SALLY-ANN HIBBERD MICHELE TURMORE SIMON MACHELL 2013 CÉSAR GONZÁLEZ- 2019 BUENO 2020 Retail/ 2020 2019 Insurance NED Wholesale Banking Technology Retail/ Retail/ (FCA) Retail/ (ACA) Consulting (FCA) Wholesale Banking/ Commercial Banking/IT Wholesale Banking Insurance ALAN PULLINGER RICHARD SLIMMON ALAN STEWART 2017 MARK RENNISON 2020 2018 2021 NED Retail (ACA) British, Retail/ Investment Building Society/Audit/ Wholesale Banking Banking Finance, FCA TOMÁS VARELA 2015 NED Retail Banking/Insurance (CPA)

DAVID VEGARA 2019 NED Government/ Retail/Wholesale Banking

PHILLIP MONKS OBE MARTIN BISCHOFF NICK SLAPE 2019 MIKAEL SØRENSEN JIM BROWN 2019 IAN COWIE 2018 GERRY MALLON 2018 DEBBIE CROSBIE 2019 2009* 2018 2018 ED – CEO Commercial/ Retail/ Commercial Retail Banking Retail/ Retail/ Retail Investment Banking/ Retail/ Commercial Banking Banking Commercial Banking Wholesale Banking Banking (FCA) Finance (CIMA) Wholesale Banking CLAIRE CORDELL 2019 PAUL LLOYD-JONES ** MARTIN BJÖRNBERG MICHAEL LARKIN DYLAN MINTO 2017 DECLAN HOURICAN RALPH COATES 2016 2018 2016 Retail/ 2019 2018 Finance/ Retail ED – CFO Wholesale Banking/ Retail/ Retail/ Retail/ Commercial Banking Retail/ Banking/Finance (ACA) Insurance/Finance Wholesale Banking/ Wholesale Banking Commercial Banking/ (FCA) Wholesale Banking/ Investment Banking Finance Finance (FCA)

CHRIS DAVIS 2019 RICHARD HENDERSON EXECUTIVE Wholesale 2017 DIRECTOR Banking/Consulting Retail Banking/Risk (FCA)

Note: Boards continue to change. Reflects the market as of January 2021. * Announced he will step down in May 2021. Steve Cooper will become CEO in May 2021. ** Louise Britnell is CFO but not a board member. *** Is a J Sainsbury Nominated NED. **** Jim McConville will step down from this board. Julie Currie will join and will become Audit Chair in February. # Will step down in 2021.

Source: Annual Reports, Ridgeway Partners Market Analysis, Boardex www.boardex.com

UK Bank Boards Analysis as of January 2021 7 Table Larger UK Building Societies and Leading Irish Bank Boards Analysis as of January 2021 4 Key: NAME Year of joining board Nationality Business background Red highlights female (UK) # GARY HOFFMAN 2018 IAIN CORNISH 2019 ROBERT EAST 2011 JOHN HEAPS 2014 PETER SPRATT 2015 PATRICK KENNEDY PETER HERBERT 2020 2010 (INTERIM CHAIR & Insurance/ Retail Retail/ Legal RISK CHAIR) CHAIR Retail Banking Banking/ Building Commercial Banking Restructuring (ACA) Betting/ Society Consumer Goods (ACA) Retail/ Commercial Banking

JO KENRICK GARETH HOSKIN 2015 MARK LUND 2016 ALISON HUTCHINSON BRENDAN GRAHAM BUCKLAND RICHARD GOULDING JOHN BAINES 2018 2017 (SID & (SID, VICE CHAIR & (SID & DEPUTY CHAIR) CBE 2015 MCDONAGH 2016 2017 (SID) 2017 (SID, (AUDIT CHAIR) REMUNERATION CHAIR) AUDIT CHAIR) (SID & DEPUTY CHAIR) (DEPUTY CHAIR & Corporate/ DEPUTY CHAIR & Retail/ NED Wealth RISK CHAIR) RISK CHAIR) Construction/ Insurance/ Management Retail Investment Banking Wholesale Banking. Retail/Marketing Audit (ACA) Banking Retail/ Investment/ (ACA) Wholesale Banking Wholesale Banking IRAJ AMIRI 2018 DAVID FISHER 2012 RICHARD COATES GUY BAINBRIDGE CAROLAN LENNON ROGER PERKIN 2017 EVELYN BOURKE PHILIP MOORE 2018 (AUDIT CHAIR) (RISK CHAIR) 2017 (AUDIT CHAIR) 2019 (AUDIT CHAIR) 2016 (SID) (AUDIT CHAIR) 2018 (AUDIT CHAIR) (REMUNERATION CHAIR) NED Audit/ Retail Audit/ Audit/ Audit (ACA) Insurance/ Assurance (ACA) Banking Building Society (ACA) Financial Services (ACA) Telecommunications Healthcare Insurance/ Finance MARTIN STEWART LYNN MCMANUS DENIS HALL 2017 NEETA ATKAR MBE SANDY KINNEY PAUL HORNER 2020 STEVE IAN BUCHANAN 2018 2018 (RISK CHAIR) 2017 (REMUNERATION (RISK CHAIR) 2017 (RISK CHAIR) PRITCHARD 2019 (RISK CHAIR) PATEMAN 2018 Retail/ CHAIR) (AUDIT CHAIR) Retail/ (REMUNERATION Wholesale Banking/IT NED Retail Wholesale/ (Risk/Retail CHAIR) Banking/Regulator Retail Retail Banking Banking Audit/ Private Banking Banking (CIMA) Financial Services Wholesale/ (ACA) Retail Banking CATHERINE DORAN ANNETTE BARNES HELEN STEVENSON GUY PARSONS 2013 ELAINE MACLEAN TRACY DUNLEY- GILES ANDREWS JACKIE NOAKES 2018 2016 2019 2013 (REMUNERATION (REMUNERATION 2019 (REMUNERATION OWEN 2020 2020 Retail CHAIR) CHAIR) CHAIR) NED IT/Business/ Retail Investment FinTech/ Banking/Insurance/IT Retail Banking Banking Retail Leisure Retail/ Management/Finance Retail Banking Banking/Consumer Insurance/Asset (ACA) Goods Management SHAMIRA MOHAMMED NEIL FULLER 2020 AMANDA BURTON GORDON IRELAND BASIL GEOGHEGAN TOM FOLEY 2015 IAN BUCHANAN 2018 MARK SPAIN 2019 2019 2016 2015 2019 NED Retail Retail/ Retail/ Retail/ Insurance Banking/Risk Legal Audit (FCA) Investment Wholesale Banking Wholesale Banking/IT Wholesale Banking Banking (FCA) (FCA) BRENDAN O’CONNOR JOHN HUNT 2015 DENISE COCKREM MARK PARSONS 2020 HELEN NORMOYLE CATHY BRYCE 2020 EILEEN FITZPATRICK 2021 2015 2016 2019 Retail/ Building Corporate/ NED Retail/ Wholesale Banking Insurance/ Society/Retail Banking, Retail/ Investment Banking Asset Commercial Banking Finance (ACA) CIMA Media/Regulatory Management/ Stockbroking HEATHER JACKSON ANN O’BRIEN 2019 SHELLEY MALTON MICHELE GREENE 2018 2018 2019**** Consulting NED Retail Telecoms/ Retail/ Banking/Retail/IT Retail Banking/Credit Investment Banking Cards (FCA) FERGAL O’DWYER FIONA MULDOON 2021 2015 Finance Insurance FCS (FCA) RAJ SINGH 2019 NED Insurance/ Asset Management

STEVE HUGHES 2020 RICHARD FEARON DAVID CUTTER 2000 MIKE REGNIER 2014 DR COLIN HUNT 2019 ROBERT MULHALL FRANCESCA IAN MCLAUGHLIN 2016 2020 (MANAGING MCDONAGH 2017 2019 Retail Building Retail Retail DIRECTOR) Retail ED – CEO Banking/Insurance/ Retail Society (ACA) Banking Banking/Investment Retal/ Finance (CIMA) Banking/Consulting Retail/ Wholesale Banking Banking Banking Corporate Banking, Consulting * ANDREW CONROY BOBBY NDAWULA ALASDAIR LENMAN ** *** MYLES O’GRADY THOMAS MCAREAVEY 2020 2015 2017 2019 2017 ED – CFO Retail Building Retail Retail/ Retail/ Banking/Building Society/Audit (ACA) Banking/Insurance/ Wholesale/Investment Commercial Banking Society (ACA) Finance (ACMA) Banking (FCA) (FCA)

PETER FROST 2012 ANDREW GREENWOOD ANDREW BOTTOMLEY STEPHEN WHITE 2016 2015 2016 ED Retail Retail Banking Building Retail Banking Society Banking/Building Society IAN CORNELIUS 2012 ED Wholesale Banking/Building Society

Note: Boards continue to change. Reflects the market as of January 2021. * Interim CFO Lee Raybould is not a Board member. ** Donal Galvin is CFO but is not a Board member. *** Anna Savage is CFO but is not a board member. **** Michele Greene is an Irish Government nominated director. # It was announced 30/01/21 that Alison Burns has joined this board as a non executive.

Source: Annual Reports, Ridgeway Partners Market Analysis, Boardex www.boardex.com

8 UK Bank Boards Analysis as of January 2021 Table “Neobank”/Fintech UK Bank Boards Analysis as of January 2021 5 Key: NAME Year of joining board Nationality Business background Red highlights female

BRIDGET ROSEWELL CBE ALAN COOK CBE 2017 GARY HOFFMAN 2019 CYRUS ARDALAN 2015 OLIVER STOCKEN CBE MATT COOPER 2014# PETER HERBERT 2018 2014 (REMUNERATION (REMUNERATION CHAIR) 2015 Insurance/Retail Retail Banking CHAIR) Insurance/Post/ Retail/ CHAIR Retail Banking Banking Investment Retail/Wholesale Commercial Banking Government/ Banking Banking Economist

DAVID ROPER 2018 (SID & MATT SYMONDS AMY KIRK 2017 (SID & NAVTEJ NANDRA 2017 VICTORIA RAFFÉ 2015 JEFFREY PRITCHARD GAENOR BAGLEY AUDIT CHAIR) 2017 (SID & REMUNERATION CHAIR) (SID) (SID & REMUNERATION 2018 (RISK & AUDIT CHAIR) 2019 (AUDIT & REMUNERATION CHAIR) CHAIR) REMUNERATION CHAIR) NED Audit Retail Banking Investment Wholesale/Retail Consulting Banking/Investment Financial Banking Audit Management Services PATRICIA JACKSON 2014 EMER DALY 2017 FIONA MCBAIN 2020 KASIA RIBINSKI 2020 MARK WINLOW 2015 DAVID FISHER 2020 RICHARD GOULDING 2018 (RISK CHAIR) (AUDIT CHAIR) (AUDIT CHAIR) (AUDIT CHAIR) (AUDIT CHAIR) (RISK CHAIR) Retail Banking NED Financial Audit/Insurance Financial Private Equity/ Financial Retail/ Services Policy/Consulting (ACA) Services/Retail Entrepreneur Services Wholesale/Investment Banking CHERYL MILLINGTON JOHN GILL 2018 KEITH WOOLLARD 2016 ROBERT BURGESS 2015 STEVE COLSELL 2015 MARGARET HASSALL PAUL CUTTER 2018 2018 (RISK CHAIR) (RISK CHAIR) (RISK CHAIR) (RISK CHAIR) 2020 Betting/Media/ NED Retail/Retail Insurance/Retail Retail Banking/ Retail Retail Banking/ Retail & Technology/IT Banking/IT Banking Regulatory Banking/Wealth & Asset Insurance FIA Corporate Banking/ Management/FinTech Technology ERGUN OZEN¨ 2016* MIKE BRACKEN 2020 EILEEN BURBIDGE MBE TED BERK 2017 LAZARO CAMPOS 2018 JAMES SCOTT 2020 JON HOGAN 2019 2015 NED Retail Banking Digital/IT Private Equity Payments Investment Retail/ Technology/ Management (ACA) Commercial Banking/ Venture Capital Finance ALICIA PERTUSA SANTOS DUNCAN MARTIN 2020 MILES GRIMSHAW 2017 CAROLYN CLARKE 2020 DAVID TORPEY 2020 2020* NED Consulting/ Private Equity Audit/Finance/ Retail Banking/ Corporate and Wholesale Banking Governance (FCA) Wholesale Banking Investment Banking/Digital GONZALO ROMERA LOBO PHILLIP RIESE 2019 MARIAN MARTIN 2019 2019* NED Retail Banking/ Retail Banking Retail/Wholesale Cards (CA) Banking MARCUS TRAILL 2015 NED Investment Management

MARK MULLEN 2014 ANDY MIELCZAREK 2017 TS ANIL 2020 RISHI KHOSLA 2015 ANNE BODEN MBE 2014 RICKY KNOX 2015 JAIDEV JANARDANA 2014 ED – CEO Retail Banking Retail Banking/ Retail Banking/ Investment Retail/Wholesale Entrepreneur/ Credit Cards Credit Cards Cards Banking/Investment Banking Financial Services Research/Fintech Finance DAVID MCCARTHY 2014 NICK FISHER 2018 ALWYN JONES 2019 RAJESH GUPTA 2021 TONY ELLINGHAM 2016** ANTHONY MURPHY 2020 ## ED – CFO Retail Banking/ Retail/Wholesale Retail Banking/ Finance Retail/Wholesale Wholesale Finance (ACA) Banking/Credit Cards (ACA) Consulting/Investment Banking/Finance (ACA) Banking Banking

CHRIS DANIELS 2020 JOEL PERLMAN 2015 ED Retail Banking/ Investment Risk Research/Fintech Finance/ Consulting MARK JENKINSON 2018 ED Technology Consulting

Note: Boards continue to change. Reflects the market as of January 2021. * These directors are investor board members. ** Has announced he will step down. # Has stepped down. Replacement not announced yet. ## Steve Hulme is the CFO but is not a board member.

Source: Annual Reports, Ridgeway Partners Market Analysis, Boardex www.boardex.com

UK Bank Boards Analysis as of January 2021 9 Company highlights over the last six months CHAIRS • Over the last six month period there have been four new chair appointments: Lloyds Banking Group PLC (Robin Budenberg), Santander UK PLC (William Vereker), Barclays Bank UK PLC (Crawford Gillies), Sainsbury’s Bank (Lesley Jones). There are a number of other chair searches/succession plans underway in the market. • There were 11 new chair appointments in 2020 as a whole, with one female (Lesley Jones), compared to only two new chairs in 2019, neither of which was female. • This reflects the regulatory guidance rule encouraging boards to apply a nine year tenure rule, including time as a non executive. This chair turnover is impacting overall board turnover.

NON EXECUTIVE DIRECTORS • Over the last six month period there have been 26 new NED appointments: at HSBC Holdings PLC, Nationwide Building Soci- ety, Santander UK PLC, Standard Chartered PLC, Lloyds Bank Corporate Markets PLC, NatWest Markets PLC, Close Brothers Group PLC, Paragon Banking Group PLC, Aldermore Bank PLC, Co-operative Bank PLC, TSB Banking Group PLC, Coventry Building Society,Leeds Building Society, Yorkshire Building Society, AIB Group PLC, Bank of Ireland Group PLC, Chetwood Financial Ltd, OakNorth Bank PLC, Starling Bank Ltd and Tandem Bank Ltd. • Across this set of banks in 2020 there were 46 new NED appointments, 18 of which were female appointments, compared with 42 NED appointments in 2019, 20 of which were female.

EXECUTIVE DIRECTORS Chief Executive Officers • Over the last six month period there have been three new chief executive officer appointments: at Close Brothers Group PLC (Adrian Sainsbury), Secure Trust Bank PLC (David McCreadie) and Co-operative Bank (Nick Slape). It has been announced that Charlie Nunn will become Chief Executive Officer at Lloyds Banking Group PLC and that Steven Cooper will become Chief Executive Officer at Aldermore Bank PLC later in 2021. It has been announced that Nuno Matos will step down as CEO of HSBC Bank PLC to lead the Wealth and Private Banking business at HSBC. • There were eight new chief executive officer appointments in 2020, none of which were female appointments, compared with nine chief executive officer appointments in 2019, one of which was a female appointment (Alison Rose). Chief Financial Officers • Over the last six month period there have been two new chief financial officer appointments as Clifford Abrahams will become the Chief Financial Officer at Virgin Money UK PLC, and Rajesh Gupta at OakNorth Bank PLC. • Across this set of banks, there were six chief financial officer appointments in 2020, one of which was a female appointment (Rachel Lawrence), compared with nine appointments in 2019, one of which was a female appointment (Claire Cordell).

Coverage and methodology of the report • The Ring-Fenced and Non-Ring-Fenced Bank Board members on Table 1b are not included in the board analytics/ graphs on page 3 due to the overlap of board members with the group boards. All bank CEOs are included in the Chief Executive Officer analytics on page 11. • We have included specialist subcommittees and noted employee representatives for the largest UK Banks and Mutual Boards on Table 1a. • We have included Castle Trust Bank and Handelsbanken plc in this report. The Irish Group and Irish UK subsidiaries appear together on Table 4. If you would like to receive future copies of this document, and other research and insight material from Ridgeway Partners, or participate in our roundtable discussions, please contact Simon Mee at [email protected]

10 UK Bank Boards Analysis as of January 2021 UK bank Chief Executive Officer highlights and analytics

25% 35

30 20% 25

15% 20

15 10% 10 5% 5

0% 0 Less 1 2 3 4 5 6 7 or Under 45 45-49 50-54 55-59 60-64 than 1 more Years in position Age on appointment Age now CEO YEARS IN POSITION CEO AGES • CEOs have been in their current role for 3.6 years compared to 4.2 years for • The mean age for CEOs is 53 which is younger than the mean of 57 for the the overall bank boards director population. overall bank board population • The majority (57%) of CEOs have been in the role for less than three years • About one third of CEOs were appointed between the ages of 45 and 49. with 12 CEOs (29%) having been in the role for 5 or more years.

British Male American Female Irish

Portuguese

Danish

Indian

New Zealander CEO GENDER SPLIT • 11% of CEOs were female compared to 31% of the overall bank board CEO NATIONALITY population. • 34% of CEOs were non-British, compared to 30% of non-British directors in the overall bank board director population.

Internal University Degree External No University Degree

CEO APPOINTMENT SOURCE CEO EDUCATIONAL BACKGROUNDS • 66% of CEOs were internal appointments. • 22% of bank board CEOs do not hold a university degree. 37% hold an MBA. 1% have an accountancy qualification.

UK Bank Boards Analysis as of January 2021 11 Retail and Commercial Banking and Fintech Practice

Simon Mee Charlie Clifton DD: + 44 (0) 207 823 0160 DD: + 44 (0) 207 823 0172 M + 44 (0) 7584 517 596 M: + 44 (0) 7880 007 372 [email protected] [email protected]

Simon Mee advises clients across retail and commercial banking, Charlie Clifton focuses on Exco, payments, fintech and wealth general management and risk management. He focuses on CEO leadership roles across retail and and Board appointments. commercial banking and insurance.

Emma Lucas Christine Loughrey DD: + 44 (0) 207 167 6764 DD: + 44 (0) 207 823 0176 M: + 44 (0) 7584 487 695 M: + 44 (0) 7725 223 589 [email protected] [email protected]

Emma Lucas supports this team, working Christine Loughrey focuses on Exco, across retail and commercial banking, general management and customer/ payments, fintech and wealth management digital leadership roles across retail and projects. commercial banking and fintech.

Louise Angel Krystyna Nowak DD: + 44 (0) 207 823 0163 DD: + 44 (0) 207 823 0169 M: + 44 (0) 7741 246 565 M: + 44 (0) 7876 882 437 [email protected] [email protected]

Louise Angel leads our UK board Krystyna Nowak focuses on chair practice and specialises in non and non-executive director appointments executive director, chair and committee within financial services and across chair appointments across all sectors. other sectors.

Nick Medd Sue O’Brien OBE DD: + 44 (0)20 7823 0166 DD: + 44 (0)20 7823 0162 M: + 44 (0)7894 144 922 M: + 44 (0)7977 000 152 [email protected] [email protected]

Nick Medd focuses on senior executive and board appointments within Sue O’Brien advises clients on board wholesale banking and private equity and executive board appointments and and more broadly across financial succession planning, within retail and services. across other sectors.

Rachael Erskine Toby Crosthwaite DD: + 44 (0)20 7823 0168 DD: + 44 (0)20 7167 6762 M: + 44 (0)7900 193 833 M: + 44 (0)7771 606 489 [email protected] [email protected]

Rachael Erskine advises clients across Toby Crosthwaite focuses on executive all sectors on CFO and senior finance level appointments in the insurance appointments with a commitment to sector and more broadly across financial delivering on diversity. services.

James Cowen Kate Chetwynd-Talbot DD: + 44 (0) 207 823 0172 DD: +44 (0)20 7823 0178 M: + 44 (0) 7880 007 372 M: +44 (0)7584 678 602 [email protected] [email protected]

James Cowen leads the Technology and IT services practice, focusing on senior Kate Chetwynd-Talbot leads the CTO/CIO leadership across TMT, software and practice working across financial services technology services. and other sectors.

12 UK Bank Boards Analysis as of January 2021