22 August 2023

Arbuthnot Banking Group PLC

Appointment of three new independent non-executive directors  

The Board of Arbuthnot Banking Group PLC ("the Company") is pleased to announce the appointment of three new independent non-executive directors, Jayne Almond, Angela Knight and Lord Sassoon, with effect from 1 September 2023. Jayne Almond and Lord Sassoon will also join Angela Knight on the board of Arbuthnot Latham & Co., Limited, the Company's banking subsidiary, as independent non-executive directors from that date.

Sir Henry Angest, Chairman and Chief Executive of the Company commented:

"I am delighted to welcome Jayne Almond, Angela Knight and Lord Sassoon to the Board of the Company. Each has a wealth of experience in financial services which will be of great value as the business continues to grow over the coming years."

Jayne Doreen Almond, also known as Jayne Hale (married name), aged 65, is a highly experienced professional in the banking, mortgages and financial services arenas, with past and present appointments as Chairman, Chief Executive and NED in a wide range of organisations. She is currently Chairman of Kensington Mortgages, a subsidiary of Barclays Bank UK plc and of Bluestep Bank AB.  She is or has been a director of the following companies or partner in the following partnerships in the last five years:

Current directorships:

Kensington Mortgage Company Limited

Bluestep Bank AB

Quinta Properties Limited

Aldeburgh Golf Club Ltd

Barts Square Freehold Owners Limited

Redemption Roasters C.I.C.

Past directorships:

Butterfield Mortgages Limited

Butterfield Holdings (UK) Limited

Leopold Joseph Holdings Limited

KHL Mortgage Services Limited

The Northview Group Limited

GH Vive Limited

Angela Ann Knight (formerly Cook) CBE, aged 72, has a wealth of commercial and financial experience from her time in government as a Treasury Minister, as Chief Executive of the British Bankers' Association (now UK Finance) and of Energy UK and as a non-executive director of a range of listed companies over many years.  She is currently a Non-Executive Independent Member of the Board of the Astana Financial Services Authority, an independent regulator in Kazakhstan and was the former Chair of the Office of Tax Simplification. She is or has been a director of the following companies or partner in the following partnerships in the last five years:

Current directorships:

Arbuthnot Latham & Co., Limited

Vanquis Banking Group plc

Encore Capital Group, Inc (US corporation)

Pool Reinsurance Company Limited

Vanquis Bank Ltd

Past directorships:

Tillman Brewin Dolphin Limited, an Irish subsidiary of Brewin Dolphin plc

TP ICAP PLC

Taylor Wimpey PLC

Froggatt Trustee Limited

Lord James Meyer Sassoon, aged 67, is a highly experienced professional in the banking and financial services industry. From 1985 he was at SG Warburg (latterly UBS Warburg), leading the firm's global privatisation business and ending as Vice-Chairman, Investment Banking. In 2002, he joined HM Treasury as Managing Director, Finance, Regulation and Industry.  In 2007/08 he acted as President of the Financial Action Task Force and was Commercial Secretary to the Treasury in 2010 to 2013. He served as a director of The Merchants Trust plc from 2006 to 2010. He is currently Chairman of The CityUK China Market Advisory Group, President of the China-Britain Business Council and Member of the International Advisory Council of the China Investment Corporation. He was also formerly a Member of the Global Advisory Board for Mitsubishi UFJ Financial Group, Inc (MUFG). He is or has been a director of the following companies or partner in the following partnerships or trustee of the following charities in the last five years:

Current directorships:

Barco NV

The Hong Kong Association

Sir John Soane's Museum (Trustee of the Charity)

HM Sassoon Charitable Trust (Trustee of the Charity)

Past directorships:

Dairy Farm International Holdings Limited

Hongkong Land Holdings Limited

Jardine Matheson Holdings Limited

JLT Group Holdings Limited

Mandarin Oriental International Limited

Matheson & Co., Limited

The British Museum Friends

The British Museum (Trustee of the Charity)

Jardine Motors Group UK Limited

Trent Park Museum Trust (Trustee of the Charity)

There is no further information relating to Jayne Almond, Angela Knight or Lord Sassoon that is required to be disclosed pursuant to paragraph 2(g) of Schedule Two to the AIM Rules for Companies or to Rule 4.9 of the AQSE Growth Market Apex Rulebook.

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Arbuthnot Banking Group                                                                                                           020 7012 2400

Sir Henry Angest, Chairman and Chief Executive

Andrew Salmon, Group Chief Operating Officer

James Cobb, Group Finance Director

Grant Thornton UK LLP (Nominated Adviser and

AQSE Exchange Corporate Adviser)                                                                                         020 7383 5100

Colin Aaronson / Samantha Harrison / Ciara Donnelly 

Shore Capital (Broker)                                                                                                                   020 7408 4090

Daniel Bush / David Coaten / Tom Knibbs

H / Advisors Maitland (Financial PR)                                                                                      020 7379 5151

Sam Cartwright