Bradford & Bingley reshuffles board

Bradford & Bingley reshuffles board

Bradford & Bingley has confirmed the transfer of its mortgage servicing operations to Computershare Mortgage Services, along with several changes to its board.

Richard Banks has taken up the role of chief executive of Computershare Mortgage Services and has stepped down as an executive director and chief executive of Bradford & Bingley.

He is succeeded as chief executive by Ian Hares, currently finance and investment director.

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Richard Pym steps down as chairman and is replaced by John Tattersall, an existing non-executive director, although Mr Pym will remain on the board for a short period.

Senior independent director Kent Atkinson also steps down from the board and his role is taken by Sue Langley, an existing non-executive director.

Finally, Brendan McDonagh, who joined the board in April, will now chair the audit committee in place of Kent Atkinson, with Keith Morgan replacing John Tattersall as chair of the risk committee.