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Vanquis Bank names new MD

Simon Thompson | 13:14 Monday 25th March 2019

Provident Financial PLC has announced the appointment of Neil Chandler (pictured above) as managing director at Vanquis Bank.

Neil is set to join the Vanquis Bank board and take up his new role on 15th April, subject to regulatory approvals. 

He previously served at Shop Direct Financial Services, Sainsbury’s Bank PLC, HBOS PLC and Sequence (formerly Royal & Sun Alliance Property Services).

Malcolm Le May, chief executive officer at Provident Financial, said: “I am delighted Neil Chandler is joining us to lead the next phase of Vanquis Bank’s growth as it attracts new card customers and works closer with Moneybarn to give its 1.8 million customers access to car finance.

“Neil has the ideal skill set to build on Vanquis Bank’s successful track record, strong retail banking, cards and consumer finance experience, combined with a collegiate, practical and customer-focused approach to building long-term sustainable businesses.”  

Neil added: “I am very excited to be joining Vanquis Bank as its new managing director. 

“Provident Financial PLC, and Vanquis Bank within it, plays an important role in society by providing access to good quality financial services and products to a 10- to 12-million marketplace. 

“I look forward to working with Malcolm and with the bank’s senior management team and board as we execute on our part of the Provident Group’s strategy and deliver for our customers and the Provident Group’s shareholders.” 

Provident Financial provides credit products to 2.5 million customers. 

Its operations consist of Vanquis Bank, the Consumer Credit Division (CCD) —comprising Home Credit and Satsuma — and Moneybarn.

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