The Board determines NewDay’s strategy and oversees its implementation by the Executive Team.
It is responsible for creating a foundation for growth and attractive shareholder returns, striking an appropriate balance between risk and reward while maintaining a focus on positive customer outcomes.
Sir Michael Rake, knighted in 2007, is Chairman of Great Ormond Street Hospital (2017) and Phoenix Global Resources (2017). He is also chairman of Majid AL Futtaim Holdings LLC (2010) and is a director of Worldpay Inc (Chairman Worldpay Group plc 2015-2018) and of S&P Global (2008). Sir Michael’s business advisory roles include chairman of the International Chamber of Commerce UK, Chairman of the Advisory Board for Engie UK, Advisor to Teneo Holdings, a Senior Adviser for Chatham House and a member of the Oxford University Centre for Corporate Reputation Global Advisory Board.
Sir Michael’s former principal roles include Chairman of BT Group Plc, Chairman (both UK and International) of KPMG, Chairman of easyJet, President of the Confederation of British Industry, Deputy Chairman of Barclays and director of the Financial Reporting Council.
John Hourican has more than 28 years of global financial services experience. John began his career at Price Waterhouse working in Dublin, Hong Kong and London before moving to Royal Bank of Scotland in 1997. During his time at Royal Bank of Scotland John held a number of senior posts including serving as Chief Executive of the Group’s Investment Bank (Markets & International Banking) for 5 years. Between 2013 and 2019 John served as CEO of Bank of Cyprus, the largest banking and financial services group in Cyprus. During his tenure, John reshaped the business, re-established its deposit base, improved the quality of its loan book and strengthened its financial position. John was named Euromoney’s Banker of the Year in 2015. John is a fellow of the Institute of Chartered Accountants in Ireland.
Paul Sheriff has over 25 years of experience in financial services organisations spanning banking, asset management and insurance. Paul joined from Legatum, a private investment firm based in Dubai where he was CFO/COO for three years, having previously been CFO/COO of Record plc, a main market listed asset management business. Prior to this he was Group Finance Director at Arbuthnot Banking Group plc, a listed banking group, and Commercial Finance Director of the Prudential’s UK and European business. Earlier in his career he spent five years in private equity and qualified as a Chartered Accountant with Arthur Andersen. He is a member of the Institute of Chartered Accountants in England and Wales.
Alison Reed has extensive business knowledge and experience from her previous senior business roles as Chief Financial Officer at Marks and Spencer Group plc and Group Finance Director at Standard Life plc (including Standard Life Assurance Company). Alison is a Non-Executive Director and Deputy Chairman of British Airways plc, a Non-Executive Director of CGI Group Inc. and a Member of Council and the Audit Committee of Exeter University. Alison was previously a Non-Executive Director at Darty plc and HSBC Bank plc. Alison is a member of the Institute of Chartered Accountants in England and Wales.
Rupert Keeley was the General Manager for PayPal’s businesses in Europe, Middle East & Africa (EMEA), an Executive Vice President of PayPal (Holdings) Inc. and Chief Executive Officer of the PayPal Europe bank until June 2018. Rupert has more than 30 years of banking and payments experience and was formerly Visa Inc.’s Group Executive and President of the Asia Pacific and CEMEA regions, and a Section 16 Officer of the company. He held a number of management roles including Global Head of Strategy and Corporate Development. Prior to joining Visa in 1999, Rupert held a number of senior management positions with Standard Chartered plc based in London, Singapore and the Middle East. He started his career at Girobank plc in London. Rupert holds an MBA in Marketing from the City University Business School, London and a B.Sc. (Hons) in Management Sciences from the University of Manchester.
James Corcoran has over 30 years of global financial services experience with large multi-national companies, such as American Express, Citibank, HBOS and IBM. James began his career in sales and marketing, moving into general management where he has held various senior executive positions over the past 20 years. He has run credit card businesses for First USA/Bank One and Amex and at HBOS his final role was CEO of the Distribution, Retail and Insurance Division. Prior to that, he was Head of HBOS’ Retail Product business units. James joined NewDay as CEO in January 2009 from Washington Mutual in Seattle, where he was President of the Retail Banking Division. In September 2019, James stepped down as NewDay CEO after 10 years’ service, and remains on the Board as a Non-Executive Director.
Caspar Berendsen is a Partner at Cinven and leads the Financial Services sector team and the Industrials sector team. Prior to this,Caspar worked at J.P. Morgan in London advising Dutch and Belgian clients across a variety of sectors. Caspar holds an Ir degree in Mining and Petroleum Engineering from the Technical University Delft, the Netherlands and graduated from the Erasmus University, Rotterdam with a Drs in Business Administration.
Caspar has extensive experience of investing across various financial services industries. He has led and been responsible for nvestments in Guardian Financial Services (PRA/ FCA regulated), Viridium Group (BaFin regulated), Eurovita (IVASS regulated), Avolon, Premium Credit Limited (FCA regulated) and Partnership Assurance plc (PRA/FCA regulated). Caspar has also been a member of the board and risk and audit committees for Partnership Assurance plc, Avolon, Guardian Financial Services, Viridium Group and Eurovita.
Peter Rutland is a Partner at CVC, is Co-Head of CVC’s Financial Services Group and leads CVC’s financial services investing in Europe. Prior to joining CVC, he worked for Advent International. Prior to working at Advent International, Peter worked for Goldman Sachs in the Investment Banking Division. Peter holds an MA degree from the University of Cambridge and an MBA from INSEAD.
Peter has led or been responsible for investments in Brit Insurance (a leading Lloyd’s insurance and reinsurance company), Avolon (global aircraft leasing company), Skrill (the second largest provider of online payment solutions in Europe), Domestic & General (a leading provider of product protection and warranty insurance in Europe), Pension Insurance Corporation (a leading pension annuity provider in the UK) and Paysafe (a global leading provider of online payment solutions). A number of these portfolio companies are also PRA/FCA regulated.
David Giroflier is a Principal at Cinven. Prior to joining Cinven, David worked in the Investment Banking Division of HSBC in Paris, advising on M&A transactions across a range of sectors including industrials, aerospace and consumer. David also advised the French government on various transactions. David graduated from the HEC School of Management in Paris with an MSc in Business Administration. David is an experienced private equity investor, having been involved in a number of Cinven’s transactions including Camaïeu, Tractel and Visma.
David previously sat on the board of Camaïeu. David also has significant knowledge and understanding of the financial services industry having diligenced a number of businesses in the past three years.
Pev Hooper is a Partner at CVC and currently sits on the boards of Domestic & General, the RAC and SkyBet. He was also responsible for CVC’s prior investments in the AA, Saga, Merlin Entertainments and Virgin Active, and has sat on the boards of these and other CVC portfolio companies. He joined CVC in 2003 after working in mergers and acquisitions at Citigroup and Schroders. He holds an MA degree from Oxford University. Pev brings a range of UK consumer financial services experience from his time on the boards of FCA/PRA regulated businesses such as Domestic & General (leading provider of product protection and warranty insurance in Europe), Saga (a leading motor and home insurance provider for the over 50s), the RAC and the AA (both leading roadside recovery providers and insurance brokers).