OneSavings Bank plc
("OSB" and "the Company")
Company Secretary Change
OneSavings Bank plc, the specialist lending and retail savings group, announces that, following his appointment as Group General Counsel, Jason Elphick has been appointed to succeed Martin Purvis as Company Secretary with effect 15 July 2016.
Jason joins from Santander UK plc where he was Legal Director, Head of UK Banking Legal.
Martin who has held the position of Group Counsel and Company Secretary OSB on an interim basis, remains Joint Company Secretary until he leaves the Company, after a handover period, in the autumn.
Commenting on the appointment, Mike Fairey, Non-Executive Chairman of OSB said:
"We welcome Jason to his new position and look forward to working with him. We also extend our appreciation to Martin, whose support and advice has been invaluable, and we wish him all the best for his future activities."
OneSavings Bank plc
Alastair Pate t: 01634 838 973
Robin Wrench / Simone Selzer t: 020 7404 5959
Notes to Editors
About OneSavings Bank plc
OneSavings Bank plc ('OSB') began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015.
OSB is a specialist lending and retail savings group authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
OSB primarily targets underserved market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending and secured funding lines. OSB originates organically through specialist brokers and independent financial advisers. It is differentiated through its use of high skilled, bespoke underwriting and efficient operating model.
OSB is predominantly funded by retail savings originated through the long established Kent Reliance name, which includes online and postal channels, as well as a network of branches in the South East of England. Diversification of funding is currently provided by participation in the Funding for Lending Scheme and a securitisation programme.