Sunday, 22 December 2024
Co-operative Bank appoints Bob Dencha s chairman of the bank
The Co-operative Bank p.l.c. is pleased to announce it will appoint Bob Dench as Chairman. He will join the Board as Chairman on 14 March 2018 succeeding Dennis Holt, who has been Chairman of the Bank since October 2014, and who is retiring in May 2018.
Bob Dench has enjoyed a long career in banking, and has been Chair of Paragon Banking Group PLC since 2007, having joined its Board in 2004. He chaired Paragon through the financial crisis and oversaw a reconfiguring of the business model as Paragon obtained its banking licence. He will remain in his role at Paragon until a successor has been appointed.
Previously, he served on the boards of AXA UK and Ireland from 2004, as Senior Independent Director of AXA UK until December 2016 and Chair of AXA Ireland from 2007 to 2017. He was also Chair of AXA PPP Healthcare Limited from 2013 to 2017. Prior to that, he spent 28 years at Barclays, in a number of senior executive roles across the group in the UK, US and Australia. Dennis Holt said,
“The Co-operative Bank has been through challenging times in the past four years as it has worked hard to fix the legacy issues that led to the crisis it faced in late 2013. It now has solid foundations and a clear pathway to sustainable profitability and robust capital resilience. It has been a privilege to work to achieve our customers’ distinctive requirements of a Bank committed to Values and Ethics at the heart of all it does. I’m immensely grateful for the commitment of our colleagues and the support of fellow Directors, the Executive team and our investors.”
Re-disseminated by The Asian Banker
