The Board determines NewDay’s strategy and oversees its implementation by the Executive Team. It is responsible for creating a foundation for growth and attractive shareholder returns, striking an appropriate balance between risk and reward while maintaining a focus on positive customer outcomes.
Sir Malcolm Williamson is the former Group Chief Executive of Standard Chartered Bank and President and CEO of Visa International. Knighted in 2007, Sir Malcolm was Chairman of Signet Jewelers, Clydesdale Bank/National Australia Group Europe and a Non-Executive Director of National Australia Bank until 2012. He also previously served as Chairman of CDC Group, Friends Life Group and Britannic Group and Deputy Chairman of Resolution. He has been a Non-Executive Director of JP Morgan Cazenove Holdings, G4S and the National Grid Group. He was also a member of the Board of Trustees for the International Business Leaders Forum.
Current external appointments include: Senior Independent Director at Aviva; Chairman of Cass Business School’s Strategy and Development Board; the Governing Council of the Centre for the Study of Financial Innovation; and the Board of Trustees for Youth Business International.
James Corcoran has over 30 years of global financial services experience with large multi-national companies, such as American Express, Citibank, HBOS and IBM. James began his career in sales and marketing, moving into general management where he has held various senior executive positions over the last 20 years. He has run credit card businesses for First USA/Bank One and Amex and at HBOS his final role was CEO of Distribution, Retail and Insurance Division. Prior to that, he was Head of their Retail Product business units. James joined NewDay as CEO in January 2009 from Washington Mutual in Seattle, where he was President of the Retail Banking Division.
Paul has over 20 years of experience in financial services organisations spanning banking, asset management and insurance. Paul joined from Legatum, a private investment firm based in Dubai where he was CFO/COO for 3 years, having previously been CFO/COO of Record plc, a main market listed asset management business. Prior to this he was Group Finance Director at Arbuthnot Banking Group plc, a listed banking group, and Commercial Finance Director of the Prudential’s UK and European Business. Earlier in his career he spent five years in private equity and qualified as a Chartered Accountant with Arthur Andersen. He is a member of the Institute of Chartered Accountants in England and Wales.
Alan Hughes has spent his career in banking, first at Midland Bank and then HSBC UK. He was executive committee member and General Manager of HSBC UK until 2004. He was Chief Executive of First Direct Bank, ran significant subsidiaries of HSBC, including commercial invoice finance throughout the HSBC Group, and was a main board director of its commercial asset finance group.
Current external appointments include: Chair of Retail Money Market Ltd ‘RateSetter’; Chair of Unity Trust Bank plc; Deputy Chair of Hampden and Co Bankers plc; and Honorary Treasurer of Loughborough University.
Alison Reed is a Chartered Accountant with over 35 years’ commercial experience across retail and financial services. She was Chief Financial Officer at Marks and Spencer plc and Group Finance Director at Standard Life plc (including Standard Life Assurance Company). She was a Non-Executive Director at HSBC Bank plc for nine years. Current external appointments include: Non-Executive Director and Deputy Chairman of British Airways plc; Non-Executive Director and Chair of the Audit Committee at Darty plc and DRS (Data and Research Services) plc; a trustee of Whizz Kidz, the working name of The Movement for Non-Mobile Children charity; and a member of the Board of Advisers of Exeter University Business School.
From 1985 to 1992 Lord John Eatwell served as economic adviser to Neil Kinnock, leader of the British Labour Party.
In 1992 he entered the House of Lords, and from 1993 to 1997 was Principal Opposition Spokesman on Treasury and Economic Affairs, a position he resumed between 2010 and 2013. He has been a teaching fellow at Harvard University and a visiting professor at Columbia University, the University of Massachusetts at Amherst and the University of Amsterdam. In 1988 Lord Eatwell, with others, set up the Institute for Public Policy Research, one of Britain’s leading policy think tanks, where he remains a trustee. He was a member of the Board of the Securities and Futures Authority from 1997 to 2001 and of the Regulatory Decisions Committee of the Financial Services Authority from 2001 until 2006.
Current external appointments include: President of Queens’ College and Emeritus Professor of Financial Policy, University of Cambridge; Chairman of the Jersey Financial Services Commission and the Royal Opera House Pension Fund; and adviser to E.M. Warburg Pincus and Co. International Limited and to Palamon Capital Partners, LLP.
Mary Phibbs is a Chartered Accountant and a Fellow of the ICAEW and CA ANZ with 30 years’ experience in international financial services. Previously, she was a Non-Executive Director of Friends Life Group plc, Northern Rock plc (during its period of temporary public ownership), Stewart Title Limited and the Charity Bank Limited. She has also been Interim Group CRO for Allied Irish Banks, Deputy Group Chief Credit Officer at Standard Chartered Bank and has held senior positions at companies including ANZ, National Australia Bank, Commonwealth Bank of Australia, KPMG and PwC.
Current external appointments include: Non-Executive Director and Chairman of the Audit Committee of Novae Group plc; Morgan Stanley International Limited; Morgan Stanley and Co International plc; Morgan Stanley Bank International Limited; Morgan Stanley Securities Limited; and Nottingham Building Society. At Morgan Stanley International Limited, Mary is Chairman of the Nomination and Governance Committee and a member of the Risk and Audit Committees.
Rick Noel is Co-Head of Värde’s Global Illiquid Investments team and a member of Värde’s Investment Committee. Rick joined Värde in 1999 and was named Partner in 2006. Based in London, Rick has been actively involved with the European illiquid investments portfolio since 2010. Prior to establishing Värde’s Singapore office in 2008, Rick was based in Minneapolis and focused on the US illiquid investments portfolio. He was an Investment Manager at Cargill Financial. While at Cargill Financial, Rick was part of the Corporate Capital Group, where he structured senior debt, subordinated debt and equity investments in consumer finance companies.
Previously, he also worked in the Audit and Business Advisory Group at Arthur Andersen, Inc.
Rupert Keeley has more than 30 years of banking and payments experience and was formerly Visa Inc.’s Group Executive and President of the Asia Pacific and CEMEA regions and a Section 16 Officer of the company. In his 11-year career with Visa, he held a number of management roles including President of Asia Pacific and Global Head of Strategy and Corporate Development. Prior to joining Visa in 1999, Rupert held senior management positions with Standard Chartered plc based in London, Singapore and the Middle East.
Current external appointments include: General Manager, EMEA, for PayPal’s businesses; a Senior Vice President of eBay Inc.; and Chief Executive Officer of the PayPal Europe bank.