Thorburn for PRA
Former Clydesdale boss joins regulatory board
David Thorburn, who stepped as chief executive of Clydesdale Bank earlier this year, is one of two senior financial figures appointed to serve on the board of the body overseeing day-to-day activities of the banks.
He will be joined on the Prudential Regulation Authority by Norval Bryson, who steps down as deputy chairman of life insurer Scottish Widows. Mr Bryson also relinquishes his role as a non-executive director of TSB which has been bought by Spain’s Sabadell.
Bank of England governor Mark Carney said: “David’s considerable expertise in retail and commercial banking will be of great benefit as will Norval’s exposure to the insurance sector.”
The appointments by the BoE’s board, with approval from Chancellor George Osborne, will take effect on 1 September. Their appointment also allows Bank official Paul Fisher to take up his seat on the board which had been delayed due to a lack of external members.