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 former 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.
Alison Reed has extensive business knowledge and experience from her previous senior business roles as Chief Financial Officer at Marks and Spencer Group plc and Group Finance Director at Standard Life plc (including Standard Life Assurance Company). Alison is a Non-Executive Director and Deputy Chairman of British Airways plc and a Member of Council and the Audit Committee of Exeter University. Alison was previously a Non-Executive Director at Darty plc and HSBC Bank plc. Alison is a member of the Institute of Chartered Accountants in England and Wales.
Rupert Keeley is the General Manager for PayPal’s businesses in Europe, Middle East & Africa (EMEA), a Senior Vice President of PayPal (Holdings) Inc. and Chief Executive Officer of the PayPal Europe bank. Rupert 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 a number of senior management positions with Standard Chartered plc based in London, Singapore and the Middle East. He started his career at Girobank plc in London. Rupert holds an MBA in Marketing from the City University Business School, London and a B.Sc. (Hons) in Management Sciences from the University of Manchester.
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 the 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.
Caspar Berendsen is a Partner at Cinven and leads the financial services sector team and the Benelux regional team. Prior to this, Caspar worked at J.P. Morgan in London advising Dutch and Belgian clients across a variety of sectors. Caspar holds an Ir degree in Mining and Petroleum Engineering from the Technical University Delft, the Netherlands and graduated from the Erasmus University, Rotterdam with a Drs in Business Administration. Caspar led all Cinven investment in financial services investing, and has extensive experience of investing across various financial services industries. He has led and been responsible for investments in Guardian Financial Services (PRA/FCA regulated), Viridium Group (BaFin regulated), ERGO Italia (IVASS regulated), Avolon, Premium Credit Limited (FCA regulated) and Partnership Assurance plc (PRA/FCA regulated). Caspar has also been a member of the board and risk and audit committees for Partnership Assurance plc, Avolon, Guardian Financial Services, Viridium Group and ERGO Italia.
Peter Rutland is a Partner at CVC and is Co-Head of CVC’s Financial Services Group. Prior to joining CVC, he worked for Advent International since 2002. Prior to working at Advent International, Peter worked for Goldman Sachs in the Investment Banking Division. Peter holds an MA degree from the University of Cambridge and an MBA from INSEAD. Peter leads CVC’s financial services investing in Europe. He has led or been responsible for investments in Brit Insurance (leading Lloyd’s insurance and reinsurance company), Avolon (global aircraft leasing company), Skrill (the second largest provider of online payment solutions in Europe) and Domestic & General (leading provider of product protection and warranty insurance in Europe). A number of these portfolio companies are also PRA/FCA regulated.
Rory Neeson is a Senior Principal at Cinven. Prior to joining Cinven, Rory was at Bain & Company for five years in London, Madrid and Stockholm where he worked on projects across a variety of sectors including financial services, retail, industrials and publishing. Rory holds an MA in Economics from Cambridge University. Rory is an experienced investor in the financial services sector, having been involved in the acquisition and management of Guardian Financial Services (PRA/FCA regulated) and Viridium Group (BaFin regulated). Rory sat on the board of Guardian Financial Services and he is currently a member of the board for Viridium Group. Rory also has significant knowledge and understanding of the financial services industry having diligenced a number of businesses in the last five years.
Arron Wu is a Director at CVC. Arron is a member of the CVC Financial Services Group. Prior to joining CVC, Arron worked at Oliver Wyman where he focused on financial services opportunities in Asia, Europe and the US for over three years. Arron holds a BSc degree in Economics from University College London. Arron is an experienced investor in the financial services sector, having led and been responsible for investments in Brit Insurance (leading Lloyd’s insurance and reinsurance company), Skrill (the second largest provider of online payment solutions in Europe), Domestic & General (leading provider of product protection and warranty insurance in Europe) and Pension Insurance Corporation (a leading pension annuity provider in the UK), which are all PRA/FCA regulated businesses. Arron also has significant knowledge and understanding of the UK credit card market having diligenced a number of businesses in the last five years.
Maxim Crewe is a Partner at Cinven. Prior to joining Cinven, he worked at Citigroup where he was involved in corporate finance within the European Retail and Consumer Group. He holds an MA in Politics, Philosophy and Economics from Oxford University. Maxim is an experienced investor in the financial services sector in the UK, having been involved in the acquisition and management of Partnership Assurance plc (PRA/FCA regulated), Avolon, Guardian Financial Services (PRA/FCA regulated), and Premium Credit Limited (FCA regulated). Maxim sat on the board of a number of these portfolio companies and he is currently a member of the board and risk and audit committees for Premium Credit Limited. Maxim also has significant knowledge and understanding of the financial services industry having diligenced a number of businesses in the last ten years and through the active role he played in managing each of these investments.
Pev Hooper is a Partner at CVC and currently sits on the boards of Domestic & General, the RAC and SkyBet. He was also responsible for CVC’s prior investments in the AA, Saga, Merlin Entertainments and Virgin Active, and has sat on the boards of these and other CVC portfolio companies. He joined CVC in 2003 after working in mergers and acquisitions at Citigroup and Schroders. He holds an MA degree from Oxford University. Pev brings a range of UK consumer financial services experience from his time on the boards of FCA/PRA regulated businesses such as Domestic & General (leading provider of product protection and warranty insurance in Europe), Saga (a leading motor and home insurance provider for the over 50s), the RAC and the AA (both leading roadside recovery providers and insurance brokers).