The Co-operative Bank has promoted Liam Colman from treasurer to director of its retail and commercial banking arm, it has been announced.
Colman joined the Co-op in June 2013, having moved from a deputy group treasurer role at RBS. Prior to this, he also held a treasury group director role at Nationwide.
The bank’s chairman Richard Pym has also revealed that he will be stepping down from his role on October 1st, to take up a new position as chairman of Allied Irish Banks. Dennis Holt, the Co-op’s Senior Independent Director with over 36 years’ experience in the industry, will act as interim chairman until a replacement can be found.
A study of UK chief financial officers (CFOs) by recruitment consultant Robert Half finds that most nurture ambitions to take over the chief executive’s role.
Urjut Patel has been named as the new governor of the Reserve Bank of India (RBI) and will succeed Raghuram Rajan, whose term ends on September 4.
Frank Vang-Jensen, who was appointed in March 2015, apparently went against the Swedish bank’s decentralised model.
The second global Women in Financial Services report finds slow progress for women leaders in financial services.