Vanquis Banking Group plc announced the appointment of Dave Watts as Chief Financial Officer ('CFO'), subject to regulatory approval. Dave will join the board and start as CFO in November 2023. Dave Watts is a highly experienced CFO with extensive banking knowledge who has worked for HSBC for nearly 30 years.

Dave has held a number of key CFO roles at HSBC, including CFO of HSBC UK Bank plc from 2017 to 2021, where he was instrumental in establishing HSBC's UK non-ring fenced bank. He is currently CFO for HSBC's European business. Prior to joining HSBC, Dave qualified as a Chartered Accountant with KPMG, and is a qualified treasurer.