Virgin Money appoints new chairman Glen Moreno
- 12 September 2014
- From the section Business
Virgin Money, the UK challenger bank partly owned by entrepreneur Richard Branson, has announced that it has appointed a new chairman.
Glen Moreno, chairman of the publisher Pearson, will replace David Clementi in mid-2015. Mr Moreno is a former director with Lloyds Banking Group.
The bank reported strong first half profit growth, with a pre-tax profit of £59.7m.
Profits were up £13.1m on the year previous.