Bank shake-up

Virgin Money to lose senior executives in cost plan

Virgin Money

Virgin Money is focusing on its digital plan

Virgin Money is removing a number of executive posts as it trims its cost base and focuses on its digital strategy. 

Gavin Opperman, director of business banking, will leave in March when his post disapperars.

Lucy Dimes will be leaving her role as the bank’s chief strategy and transformation officer along with Kate Guthrie, who has been at the bank since 2016 as head of people, reports the Mail on Sunday.

The bank has created the positions of chief customer experience officer and chief commercial officer .

Virgin Money emerged as the preferred brand when it was acquired by CYBG, owner of the historic Clydesdale and Yorkshire banks in 2018 for £1.78 billion.

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.