Stuart Sinclair Named Chair of Vida Bank
Vida Bank, a leading financial institution, has recently made a significant announcement. The bank has appointed Stuart Sinclair as its new Chair, subject to regulatory approval. Stuart will take over from Steve Haggerty, who has served as Chair for the past nine years. Steve will continue to be a part of the Board as a Non-Executive Director until September 2025, ensuring a smooth transition.
Stuart is a highly accomplished leader in the financial services industry, with extensive experience in banking, insurance, and consulting both in the UK and internationally. He has previously held CEO positions at Tesco Bank and GE Capital UK’s consumer businesses, and has served as Director of UK Retail Banking at RBS. Stuart is currently the Chair of International Personal Finance and Willis Ltd, and has also held board positions at LV, TSB, Lloyds Banking Group, and Schroders Personal Wealth.
Vida Bank’s decision to bring Stuart on board comes at a crucial time for the business, as they have recently obtained their banking licence. With a growing retail funding base, Vida Bank is focused on expanding its specialist mortgage offering and increasing its market share. Their goal is to become the UK’s most trusted specialist mortgage bank.
Anth Mooney, CEO at Vida Bank, expressed his excitement about Stuart’s appointment, stating that opportunities to recruit someone of his caliber and experience are rare. He also took the opportunity to thank Steve Haggerty for his exceptional leadership over the past nine years, which has been instrumental in building Vida’s strong foundation and securing their approval to operate as a bank.
Steve Haggerty, the current Chair at Vida Bank, also commented on the news, saying that it has been an incredible journey over the past nine years and that he is immensely proud of what the team has accomplished. He expressed his confidence in Stuart’s ability to take Vida on the next phase of its journey and wished the business success in the future.
Stuart Sinclair also shared his excitement about joining Vida Bank at such a pivotal moment in its journey. With its banking licence in hand, Vida is poised for significant growth and opportunities. Stuart believes that the bank’s strong funding base, talented team, and commitment to delivering innovative solutions in the specialist mortgage market make it well-positioned for success. He looks forward to working with Anth, the Board, and new investors to help the business flourish in this next chapter.
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