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Permanent TSB confirms new director

Tom Belger | 14:20 Wednesday 25th July 2018

The chairman of Permanent TSB Group Holdings has announced that Ruth Wandhöfer (pictured above) will be joining its board as a non-executive director.

Ruth will take up her position on 30th October 2018 after stepping down from Citibank, where she is the managing director responsible for its regulatory and market strategy within the Citi Global Treasury and Trade Solutions business.

Permanent TSB said that Ruth was highly regarded across the banking industry for her in-depth knowledge of the market regulatory and competitive landscape.

In particular, she has been acknowledged as one of the foremost authorities on the Single Euro Payments Area (SEPA).

Ruth is also deeply engaged in innovation in the fintech and regtech space and how it can transform the business model of banks.

Robert Elliott, chairman at Permanent TSB Group Holdings, commented: “As the next phase of the bank's development unfolds through the delivery of a best-in-class digitally enabled, omni-channel retail and SME bank, Ruth’s extensive experience of both regulatory and market strategy – together with her insight on innovation in the field of regulatory and financial technology – will be of tremendous benefit to the board and I look forward to her contribution in the months and years ahead.”

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