Finance

Barclays UK chief joins UK Finance board in latest raft of changes

Barclays Bank UK chief executive Matt Hammerstein is one of four new financial services leaders to join the board of City lobby group UK Finance.

In a raft of changes announced on 2 July, Capital One UK chief Lucy-Marie Hagues, NewDay Group boss John Hourican, and UK country lead for Stripe Max Roberts will also take up spots on the board.

To make it onto the group, board members must be of CEO or UK equivalent level within their organisations.

The board, which UK Finance says was created “to ensure senior and fair representation across the industry,” now comprises some 23 members.

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Led by UK Finance chair Bob Wigley, it includes major banking titans such as Natwest’s retail banking chief David Lindberg and Nationwide boss Joe Garner, alongside heads of payments and financial technology companies like Starling’s Anne Boden and Monzo’s TS Anil.

The board is growing by two members, as the terms for former FCA boss Tracey McDermott, now of Standard Chartered, and Lloyds Banking Group’s Vim Maru come to an end.

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Wigley said: “The banking and finance industry has provided unprecedented support to consumers and businesses throughout the pandemic and into the recovery. The UK Finance Board plays a vital role in enabling members to support their customers and wider society, and I welcome the new members and the expertise they bring to help UK Finance continue its excellent work.”

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To contact the author of this story with feedback or news, email Justin Cash

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