Jim Pettigrew chairs board of Clydesdale Bank PLC

4th August 2014

Clydesdale Bank PLC has announced the appointment of Jim Pettigrew as Chairman of the Board of Clydesdale Bank PLC. He will also chair the Board of National Australia Group Europe Limited.

Jim became Chairman of both Boards with effect from 1 August 2014. He has served on the Boards as a Non-Executive Director since 25 September 2012. Also from 1 August 2014, fellow Non-Executive Director David Allvey assumed Jim’s previous role as Chairman of the Boards' Audit Committee.

Jim took over as Chairman from Cameron Clyne, who has retired from parent company National Australia Bank. Andrew Thorburn replaced Cameron as Group Chief Executive Officer and Managing Director on 1 August.

Jim Pettigrew holds a number of Non-Executive Director positions and is currently Chairman of the Edinburgh Investment Trust PLC, Deputy Chairman of Royal Bank of Canada (Europe), Senior Independent Director and Remuneration Committee Chairman with Crest Nicholson PLC and Audit Committee Chairman with Aberdeen Asset Management PLC. He is also Deputy President of The Institute of Chartered Accountants of Scotland. Jim currently chairs the Risk Committee for Hermes Fund Managers Ltd and is a Non-Executive Director of AON UK Ltd. He is stepping down from his Hermes and AON directorships at the end of October.

A University of Aberdeen law graduate with a Diploma in Accountancy from the University of Glasgow and a Chartered Accountant, Jim’s most recent executive position was as Chief Executive of CMC Markets PLC. He previously held the posts of Chief Operating Officer with Ashmore PLC and was Group Finance Director with ICAP PLC.

David Thorburn, Chief Executive of Clydesdale Bank PLC, said: “We’re delighted Jim has agreed to chair the Boards. He’s made a significant contribution to the Boards over the past two years during what has been a period of major transformation for the business. Jim’s considerable business knowledge and experience will continue to be invaluable to the Boards as we build on our strategy to become a stronger and more competitive business.”