Board of Directors

Member of the Board Remuneration and Nomination Committee

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.

Member of the Board Remuneration and Nomination Committee

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.

Chairman of the Board Audit Committee and Board Risk Committee

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.

Chairman of the Board Remuneration and Nomination Committee

Rupert has extensive and in-depth banking and payments experience. He was the EVP/GM for PayPal’s business in Europe, the Middle East and Africa. Prior to PayPal, Rupert was Visa Inc.’s Group Executive and President of the Asia Pacific and Central Europe, Middle East and Africa regions and a Section 16 Officer of the company. In his 11 years with Visa, he held several management roles including Global Head of Strategy and Corporate Development. Rupert also held senior management positions with Standard Chartered plc based in London, Singapore and the Middle East. He is an adviser to various financial service companies, a member of the Board of Directors of the Dubai Financial Services Authority and a member of the Advisory Board of Team8 Fintech based in Israel. Rupert holds a Management Sciences degree from Manchester University and an MBA from Bayes Business School in London.

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.

Member of Board Remuneration & Nomination Committee.

Matthew is a Senior Adviser at Cinven, a role he has moved into recently following 18 years with the firm, 15 of which were as a Partner. He was Cinven’s Chief Administrative Officer between 2016 and 2023 and a member of the firm’s Executive Committee. Before this he founded and ran Cinven’s Capital Markets team, where he worked with a wide range of portfolio companies across sectors including financial services, TMT/technology and business services. Matthew has extensive experience of equity and debt financing. Prior to Cinven, he worked in investment banking at Merrill Lynch and Schroders. He graduated from Cambridge University with an MA and an M Phil (Musicology) and is AMCT qualified with a Diploma in Treasury from the UK’s Association of Corporate Treasurers.

Member of the Board Remuneration & Nomination Committee

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.

Member of the Board Audit Committee and Board Risk Committee

Rebecca is a Principal at Cinven and a member of the Financial Services team. Rebecca has been involved in a number of Cinven’s transactions including Premium Credit, JLA and Miller. Prior to Cinven, Rebecca worked at Lazard focusing on M&A transactions across both the Financial Institutions and Industrials sectors. Rebecca graduated from Oxford University with a BA in Economics and Management.