Aldermore Group has appointed Steven Cooper as its new CEO from May 2021. [2], The acquisition of Ruffler Bank in May 2009 provided Aldermore with its banking licence and an asset finance business which was combined with the commercial mortgage business of Base Commercial Mortgages, a small mothballed operation. South African financial services group FirstRand Limited acquired Aldermore in 2018, and chief executive Alan Pullinger comments: It is testament to the quality of the Aldermore franchise that the business has attracted a new chief executive of the calibre of Steven. Descartar. ", Specialist lender Aldermore raids UKs oldest bank for new chief. Harry is a qualified chartered accountant and a member of the South African Institute of Chartered Accountants. Prior to that, he spent a number of years at McKinsey & Company Inc where he held senior roles, including leading the Europe, Middle East and Africa Retail Financial Services Practice. Steven Cooper, Firstrand Ltd: Profile and Biography - Bloomberg Markets Bloomberg TV+ Best of The Earthshot Prize 2022 The Earthshot Prize 2022 is a global prize designed to incentivize change. Pat brings extensive financial services experience to the Board, gained through both his executive and non-executive careers. Relevant skills, strengths and experience: Steven Cooper CBE'S Post Steven Cooper CBE CEO, Aldermore Group 3mo A Barclays veteran, he held a string of roles at the FTSE 100 lender, including running its operations in east Africa and then its retail bank in the UK.Responding to an enquiry from Sky News, Pat Butler, Aldermore's chairman, said: "I am delighted that Steven has decided to join us at Aldermore. Relevant skills, strengths and experience [6], In 2012 the bank reached its first full year of profits in its third year of operations. Prior to joining FirstRand, Harry worked at HSBC South Africa where he held the position of associate director in corporate finance. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Chief Executive Officer & Executive Director, Social Mobility Commission (United Kingdom). As well as holding the role of CEO of the personal banking business at Barclays he was also CEO of Barclaycard Business Solutions. {{ userNotificationState.getAlertCount('bell') }}. Aldermore provides loans to UK-based small and medium-sized companies, as well as mortgages and savings accounts. Steven Cooper CBE'S Post Steven Cooper CBE CEO, Aldermore Group 4d Report this post . Warning: Criminals are actively using the trusted name of both organisations and senior executives to trick victims into making a financial decision they would not usually make. Mr. Cooper is also on the board of Robert Walters Plc. Steven Cooper has been appointed chief executive officer by Aldermore Group. There are two home purchase products, which will launch at 9am on Monday 2 November and be withdrawn at 8pm on Wednesday 4 November. We are here for those with ambition, Find contact details for 700 million professionals. Without colleagues like this, Aldermore Bank and MotoNovo Finance wouldn't be where they are today, and it's fantastic to see them getting the recognition they . Richard is a qualified chartered banker. He is also Interim Chair of the UK Government's Social Mobility Commissionas well as a Non-executive Director on the board of a private equity backed payments business. It was founded in 2009 and listed on the London Stock Exchange in March 2015. Relevant skills, strengths and experience: . Steven Cooper, CEO of Aldermore Group, said: "Aldermore bank was established in the teeth of the financial crisis to challenge the industry to do better and open up finance to people and businesses who weren't being looked after by the financial sector. The appointment by the board follows its search for a successor to Phillip Monks, who earlier this year announced his decision to retire from Aldermore in 2021. He was previously chief executive officer of Barclays personal banking business across the UK and Europe, as well as chief executive officer of Barclaycard Business Solutions. Alan brings over 20 years' experience in the banking and professional services industry to the Board of Aldermore Group PLC. to your inbox. Mortgage Strategy Events Steven Cooper CEO Aldermore Group. He added: The board and shareholders are committed to achieving a similar growth trajectory over the next few years, whilst maintaining the business purpose and its strong values. Descartar. The bank has been looking for a successor to Phillip Monks OBE, who founded the bank back in 2009, and who earlier this year announced his intention to retire in 2021. Have your say million verified professionals across 35 million companies. Relevant skills, strengths and experience Forward thinking CEO/ Board Member with a significant history in business and banking across UK, Europe, Africa and US. He started his career with FirstRand in 2005 at FNB, the groups retail and commercial banking unit, as FNB Group Financial Manager. Almost instantly, the days of being on the road and calling into brokers offices to help them generate business and strengthen existing relationships were gone. Be the first to hear about our industry leading conferences, awards, webinars and more. Steven is Chair of Experian UK, the UK subsidiary of the FTSE100 multinational consumer credit reporting company and a Non-executive Director on the board of FTSE-listed recruitment firm Robert Walters plc. 0. Ralph was most recently CFO of TSB for five years and was pivotal in driving its transformation and growth strategy. Cooper sits on several advisory boards, including the Cabinet Office-sponsored Social Mobility Commission on which he is joint chair. Steven Cooper CBE CEO, Aldermore Group 1mo I'm delighted to launch our first ever Report to Society, which we'll be repeating in the years to come as we measure the bank's societal impact and. Track your investments 24 hours a day, around the clock from around the world. Cooper, who was previously CEO of C.Hoare & Co, has more than three decades of international banking experience. 11th November 2020 Chief Executive Officer. Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends. Steven Cooper : Products: Financial services: Revenue 358.2 million (2016) Operating income 144.2 million (2016) Net income 93.5 million (2016) Website: www.aldermore.co.uk: Aldermore Bank is a retail bank which provides financial services to small and medium-sized businesses. His most recent leadership role was as CEO of Bank of Ireland UK PLC (2012 to 2019), the independent subsidiary of the Bank of Ireland Group, with a full service retail and commercial bank in Northern Ireland and significant partnerships with the UK Post Office, Automobile Association and UK wide Mortgage Intermediaries and Motor Dealerships. Sign up today and make your voice heard. Steven Cooper has been appointed chief executive officer by Aldermore Group. [4], It raised 62 million of further investment from a consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management, and the Ohio Public Employees Retirement System in August 2011[5] and it received an additional capital investment from Centerbridge Partners when it issued a 36 million subordinated bond in May 2012. Steven Cooper Chief Executive Officer, Aldermore Group London, England, United Kingdom View 5+ aldermore.co.uk steven-cooper.net gmp3.hbs.edu hoaresbank.co.uk barclays.com barclaycard.co.uk barclayscorp.com 2 44207116XXXX +44 7500 63XXXX Steven Cooper Chief Operating Officer and Chief Financial Officer Auckland, Auckland, New Zealand View 4 Steven Cooper. He joined Rand Merchant Bank in 1998 (prior to the creation of FirstRand Limited) and was appointed CEO in 2008 until his promotion to deputy CEO of the FirstRand Group in October 2015 and to CEO in April 2018. Live market coverage co-anchored from Hong Kong and New York. A five-year fixed rate [], For business development managers across the UK, the prime ministers address to the nation on 23 March changed their working lives entirely. [12], The bank offers lending across the following areas: asset finance, invoice finance, SME commercial mortgages, buy-to-let mortgages and residential mortgages. Non-Executive Director and Chair of the Audit Committee of Hikma Pharmaceuticals PLC, Non-Executive Director and Chair of the Risk Committee of Ardonagh Group Limited, Non-Executive Director of Res Media Limited, Non-executive Chairman of Shop Direct Finance Company Ltd, Non-executive director of Computershare Loan Services group of companies, Corporate Governance and Nomination Committee (Member), Non-Executive Director and Chair of the Remuneration Committee of Citi Europe PLC, Deputy Chair of the Financial Reporting Review Panel, Non-Executive Director of Societe Generale International Limited, Trustee and Member of the Governing Council of the Centre for the Study of Financial Innovation, a not-for-profit City-based think-tank, Executive Director of FirstRand Limited and FirstRand Bank Limited, Director of various FirstRand subsidiaries, Director of Rejah Investments (Pty) Ltd (Investment Vehicle), Chief Executive Officer of FirstRand Limited and FirstRand Bank Limited, Non-Executive Director of FirstRand Investment Management Holdings Limited, Board Member of the Banking Association of South Africa, Non-executive director at Nomura Bank International, Chair of Banque Nomura Frances Audit and Risk Committee, Chair of the Remuneration Committee of Nomura Europe Holdings plc, Seccl, a wealth tech rebuilding the infrastructure of investments and advice, Octopus MoneyCoach, which provides employees with a dedicated coach for their personal finances. Extensive hands-on. Romy Murray has over 30 years of experience in the financial services and oil industries. I want to welcome Reg Dhanjal and Ross Dalzell to Aldermore. Previously Steven was a Senior Executive at Barclays where he held a number of executive positions including CEO Barclaycard Business (the leading global payments franchise), CEO Personal Banking. Copyright 2023 Surperformance. to your inbox. [9], In October 2017 it was announced that Aldermore had agreed to be acquired by South African banking conglomerate First Rand. Along with most other workers, BDMs had to [], Many people dont fully understand the meaning and function of many protection policies, the Association of Mortgage Intermediaries has found. He is currently the chief executive officer of C.Hoare & Co, and boasts more than three decades of international banking experience. Des was a member of the Bank of Ireland Group Executive Committee from 2000 until retirement in October 2019 and served as a Director on the Bank of Ireland Court from 2006 to 2011. Great to see so many nominees entered from Aldermore Bank and MotoNovo Finance, whove been recognised by their managers as making progress in their career and shown potential to go even further. Mortgage borrowers who have not yet had a payment deferral can request one for up to sixmonths. His pedigree speaks for itself and our board is confident that he will build upon Phillip's legacy and grow our business successfully. Steven Cooper CBE'S Post. John has extensive financial and audit experience, having previously held the position of senior banking partner at PricewaterhouseCoopers LLP, specialising in bank auditing and advisory services for banking clients. Steven Cooper is to take over as chief executive officer at the Aldermore Group stepping into the role in May 2021, subject to regulatory approval. Please register below: We use cookies to personalize and improve your experience on our site. Bloomberg Daybreak Asia. More information can be found in ourPrivacy Policy. Reg as our new General Counsel, and Ross as new Managing Director for the Property business. By John Fitzsimons John has also carried out a wide variety of other advisory work for banks and has been engaged by the regulators to provide advice on corporate governance, high-level controls and other regulatory matters. Latterly he was Chief Executive of UK Asset Resolution Ltd responsible for winding down the nationalised banks Bradford & Bingley and Northern Rock Asset Management between 2010 and 2016 for which he was awarded a CBE. [13] Its lending activity is largely funded by the deposits it receives from business and personal savers. Mr Cooper will replace Philip Monks, Aldermore's founder, who announced earlier this year that he planned to retire in 2021. Cooper's appointment will take effect from May 2021 subject to regulatory approval. Only registered users can post comments. From 2001 to 2010, John was PwCs banking industry leader and, from 2010 until his retirement in 2014, led PwCs global IFRS technical group. From farmers to freelancers, our specialist lending and savings accounts can give you the support you need to help make things happen. We are confident that his track record, across multiple banking disciplines, will ensure Aldermore continues to deliver for FirstRand shareholders.. (business & personal). The bank has been looking for a successor to Phillip Monks OBE, who founded the bank back in 2009, and who earlier this year announced his intention to retire in 2021. Why? Steven Cooperadds: Under the leadership of Phillip Monks, Aldermore has gone from a vision to a substantial business in just a short period of time. [7], Aldermore was recognised as a challenger bank by the media,[8] and launched a successful initial public offering in March 2015,[2] with an opening market capitalisation of approximately 651 million. Coopers appointment will take effect from May 2021 subject to regulatory approval. Harry brings over 20 years experience within the Financial Services sector to the Board of Aldermore Group PLC. Steven Cooper takes the helm at Aldermore as Phillip Monks retires, Skipton Building Society adds two new CEO posts for mortgages and money, Arrears figures stable as 2022 closes: UK Finance, FSCS says January and December sees 13 firms go into default, ONS says construction output remains flat in December, Lloyds Banking Group CEO says 200,000 borrowers face mortgage shock in 2023, PLS Solicitors receives ABS license from SRA. Previously, Steven has been CEO at C. Hoare & Co, the UKs oldest privately-owned bank, for two years where he has developed and led an extensive programme of change. Currently, Steven Martin Cooper occupies the position of Chairman at Experian Ltd., Co-Chairman at Social Mobility Commission (United Kingdom) and Chief Executive Officer & Executive Director at Aldermore Group Plc. The company became part of FirstRand Group, the largest financial services group in Africa by market capitalisation, in 2018. In May 2021 Steven will join Aldermore Bank as CEO and until recently he was CEO of C. Hoare & Co. Steven Cooperisto take over as chief executive officer at the Aldermore Group stepping into the role in May 2021, subject to regulatory approval. Alan brings over 20 years experience in the banking and professional services industry to the Board of Aldermore Group PLC. Alan qualified as a Chartered Accountant, having trained with Deloitte, where he spent five years before being made Partner in 1996. Its recruitment of Mr Cooper will come as a surprise to the industry because he has only run Hoares since January 2019. He is also chairman of Experian UK, a non-executive director at Robert Walters PLC as well as a Harvard Business School graduate. The board and shareholders are committed to achieving a similar growth trajectory over the next few years, whilst maintaining the business purpose and its strong values. 11th May 2021 He was appointed as CFO of FNB in 2007, a position he held until December 2013. All rights reserved. If you continue browsing, we assume that you consent to our use ofcookies. Both Aldermore Bank is a retail bank which provides financial services to small and medium-sized businesses. Her previous roles include as Global Finance Director at Bacardi, and Private Sector Adviser & Deputy Project Leader at the Tony Blair Africa Governance Initiative in Sierra Leone. It was also the first bank to offer this service and publishes this customer feedback unedited on its website. Visit our, to improve your user experience. Cooper, who was previously CEO of C.Hoare & Co, has more than three decades of international banking experience. Prior to this role he was with Barclaycard Business Solutions where he was also CEO, managing the payments division for Barclaycard including Merchant Acquiring, Commercial Payments and Sales Finance. He has previously served as a Non-Executive Director of Bank of Ireland Group PLC and Bank of Ireland (UK) PLC and was a partner at The Resolution Group, which conducts investment and restructuring activities in financial services. Aldermore Group has appointed Steven Cooper (pictured above) as chief executive officer with effect from May 2021, subject to regulatory approval. Steven sits on several advisory boards, and is the Joint Chair of the Social Mobility Commission (a non-departmental public body sponsored by the Cabinet Office) promoting and monitoring progress towards improving social mobility in the UK. 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