Special Opportunities Fund has invested significant additional capital which will be used to support the growth of the business.
Whiteaway Laidlaw Bank will continue to offer market-leading deposit products to UK savers and provide secured and unsecured
lending to both consumers and SMEs.
Also announced today is the appointment
of Owen Woodley as CEO. Owen has significant experience of the UK financial services sector, most recently as Deputy CEO of
Secure Trust Bank. Owen will be supported by a strong team of Non-Executive Directors, including Sir George Mathewson (Chairman
of Stagecoach, former CEO and
Chairman of RBS) as Chairman, Sir Brian Ivory (a former
HBOS Board member), David Anthony (former CEO of Hitachi Capital UK and former Non-Executive Director of Secure Trust
Bank) and Graham Alcock (an existing Non-Executive Director of WLB).