Aldermore Group has appointed Pat Butler as a non-executive director with effect from 1 January 2018 and as chairman designate.

Butler will also be appointed as Non-Executive Director and Chairman designate of Aldermore Bank.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Last week Aldermore’s shareholders voted in favour of accepting FirstRand’s offer for the Company. Aldermore said to provide continuity through the ensuing process, it is expected that Butler’s appointment as chairman will take effect following completion of the acquisition.

On appointment as chairman, Butler will also chair the corporate governance and nomination committee, and be appointed as a member of the remuneration committee.

Butler currently serves as an independent non-executive director of Bank of Ireland Group and Bank of Ireland, where he chairs the remuneration committee; of Hikma Pharmaceuticals, where he is chairman of the audit committee; and of the Ardonagh Group, where he chairs the Risk Committee.

He was previously a partner at The Resolution Group, which conducts investment and restructuring activities in financial services. He also chaired the Investment Committee of British Business Bank Investments, the commercial arm of the British Business Bank.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Butler previously spent a number of years at McKinsey & Company, where he held senior roles including leading the Europe, Middle East and Africa Retail Financial Services Practice.

Danuta Gray will continue in her role as Interim Chairman until the effective date of Butler’s appointment as chairman, at which point she will resume her role as Senior Independent Director of the Board with effect from the same date.

Danuta Gray, interim chairman, said, “I am delighted that Butler has decided to join Aldermore. He brings a proven track record in financial services and his appointment is a key step in our journey. I would like to welcome Pat to the Company and I look forward to working with him to ensure a smooth transition before his appointment takes effect.”

Pat Butler, chairman designate, said, “I am excited to be joining Aldermore as it moves towards the next phase of its journey and the opportunities that lie ahead. I would like to congratulate Danuta in her exemplary leadership over the past year and her management of the FirstRand offer which greatly enhances the strategic opportunities of the Company.”