Yorkshire and Clydesdale hire banking veteran as deputy chairman

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YORKSHIRE and Clydesdale banks have a new deputy chairman - the man who sold Alliance & Leicester to Santander.

Banking veteran David Bennett also joins the board of parent National Australia Group Limited as the lenders prepare to demerge and float in the UK.

He was group finance director of Alliance & Leicester for six years before becoming its group chief executive in 2007.

Mr Bennett subsequently negotiated and managed the sale of Alliance & Leicester to Santander.

Jim Pettigrew, chairman of Clydesdale Bank, said: “We are delighted to welcome someone with David’s in-depth experience of Retail banking to our boards.

“Few people have enjoyed as strongly varied and successful a career as David has.

“His key involvement in some of the most significant changes in banking over the past decade and his first-class business knowledge make him an ideal fit for our ambitious business and the significant and exciting opportunities which lie ahead for us.”

Current non-executive roles include Paypal Europe and Ashmore Group and the chairmanship of Homeserve.

The lenders said his appointment is the latest step in the further strengthening of the boards and includes the appointment of David Duffy as CEO in June and the appointment of Adrian Grace as a non-executive director in January. Executive director Debbie Crosbie was also appointed as chief operating officer in January while Ian Smith, chief financial officer, also became an executive director in March.

Yorkshire and Clydesdale are expected to set out a timetable for their demerger and float from National Australia Bank next week.

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