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Aldermore announces appointment of new Chief Risk Officer

POSTED: 14th December 2015
IN: Newsroom
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Aldermore, the SME-focused Bank, has announced the appointment of Christine Palmer as Chief Risk Officer.

Christine, who will join the Bank’s Executive Committee, subject to PRA approval, is currently Global Head of Operational Risk, Functions and Divested Businesses and Director of Risk, Services at RBS, where she has worked for the last 13 years of her career. She brings a wealth of experience to her new role, having enjoyed a long career in banking and consulting across a number of organisations.

Christine’s appointment follows Steve Barry’s decision to leave Aldermore, where he has been Chief Risk Officer since 2009, to explore new career opportunities outside the Bank. Steve will work closely with Christine to ensure an orderly handover. 

Phillip Monks, CEO of Aldermore said:

“I am delighted that Christine is joining Aldermore as Chief Risk Officer and look forward to welcoming her to the Bank. Christine is highly respected, brings considerable banking experience to her new role, and will be a real asset to the Bank’s executive committee as we continue to provide the support SMEs and individuals need to succeed and achieve their ambitions.

“I’d very much like to thank Steve Barry for the invaluable role he has played as Chief Risk Officer over the last six and a half years. Steve leaves us with a strong credit, operational and conduct risk framework and culture which very much underpins the Bank’s success. I and everyone at Aldermore wish him well for the future.”

After graduating from the University of Wales, Christine started her career at ABN Bank where she undertook a variety of roles in credit risk. In 1991, Christine joined ING Bank, where she spent eight years in a variety of risk management roles in both London and Amsterdam. Before joining RBS in 2002, Christine held a consultancy role at multi-national professional services firm, Ernst & Young, where she focused on credit risk management in the Financial Services Risk Management practice. Prior to her current position at RBS, Christine held many senior roles within the bank including Chief Risk Officer for the UK Corporate Bank.

**Ends**

 Picture of Christine Palmer

Enquiries:

Media

Holly Marshall

Tel: +44 (0) 20 3553 4828

FTI Consulting

Neil Doyle/ Paul Marriott

Mobile: +44 (0) 7771 978 220 /+44 (0) 7703 330 390

Notes to Editors:
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

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