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11th October 2011

Sir David Clementi appointed Virgin Money chairman

Sir David Clementi has been appointed Chairman of Virgin Money. The post has been vacant since the death of Sire Brian Pitman in March 2010.


Sir David worked for Kleinwort Benson for 22 years including as Chief Executive. He later became deputy governor of the Bank of England and from 2002 - 2008 was chairman of Prudential plc.


Commenting on the appointment, Sir Richard Branson, founder of the Virgin Group, said: "Sir David Clementi’s experience, combined with the vision and leadership of Jayne-Anne Gadhia, provides the perfect platform for Virgin Money’s future growth."


Sir David Clementi said: "The UK needs new competition in retail banking and Virgin Money is very well placed to bring about that competition. I am looking forward to working with Jayne-Anne Gadhia and her team to realise the potential of this business."