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Aldermore announces changes to its leadership team

POSTED: 16th May 2016
IN: Newsroom
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Aldermore Group PLC today announces changes to the Bank’s executive team. Dana Cuffe has joined the Bank as Chief Operating Officer (COO) with executive responsibility for CIO, Group Central Operations and Transformation & Change. Dana has over 30 years’ experience in financial services. For the past six years he has been in a senior leadership role at RenaissanceRe as their first global CIO. He also spent three years as the CIO of Egg – where he was responsible for revamping what was the world’s largest online bank. 

Paul Myers, currently COO will become Group Corporate Development Director with executive responsibility for Strategy, Corporate Affairs, Digital, Marketing and the Bank’s Savings business. This follows the recent decision of Vicki Harris, Group Strategy and Marketing Director, to leave the Bank to pursue new opportunities.

Paul has been Chief Operating Officer and a member of the executive team since the Bank was established in 2009, leading Aldermore’s IT, Operations and Transformation agendas through its build and growth phrases.

The above changes, which are subject to regulatory approval, follow the recent appointment of Christine Palmer as Chief Risk Officer. Christine joined Aldermore in April from RBS where she held senior risk roles for the last 13 years of her career.

Phillip Monks, CEO, commented:

“Over the last seven years, Aldermore has grown from effectively a start-up business into a FTSE 250 company. The executive changes we have announced will further deepen the expertise of our leadership team and drive the Bank’s future growth aspirations.

“I’d like to thank Vicki for her hard work over the last few years and wish her every success for the future. Dana and Christine join the Bank at an exciting time, as we look to build on our track record of strong profitable growth. Paul is a founding father of the Bank and his commitment and expertise has played a significant role in Aldermore’s success. All three bring extensive experience to their new roles and I’m delighted that they have chosen to be part of Aldermore’s future.”

**Ends**

For further information, journalists can contact:


Andy Homer, Aldermore

Phone:             0203 553 4244
Mobile:            07931 492722
Email:              andy.homer@aldermore.co.uk 

Notes to Editors:

Aldermore

Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homeowners and individuals, who we believe are often poorly- or under-served by the wider market.

Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its network of regional offices located around the UK.

Building on its core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be.

Established in 2009, Aldermore has grown significantly. At the end of March 2016, lending to customers stood at £6.5 billion and customer deposits totalled £6.2 billion.

For more information, please visit www.aldermore.co.uk.

Aldermore Bank PLC is an operating entity of Aldermore Group PLC. In March 2015, Aldermore Group PLC’s shares (ALD.L) listed on the Main Market of the London Stock Exchange.

Aldermore Bank PLC is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is registered under the Financial Services Compensation Scheme.

 

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