The Board of Vanquis Banking Group plc (the "Group") announced its decision to appoint Sir Peter Estlin as Chair, subject to regulatory approval. Sir Peter joined the Board as an independent Non-Executive Director (NED) in April 2023, and will succeed Patrick Snowball, who informed the Board of his intention to step down in 2023. Patrick will continue in his role as Chair, until Sir Peter has regulatory approval.

Sir Peter is an experienced leader, with a 30-year career in banking and finance, including as acting Group CFO for Barclays plc. He qualified as an accountant at Coopers & Lybrand, served as Lord Mayor of the City of London in 2018/2019 and was knighted in 2020 for his services to International Business, Skills and Inclusion. Sir Peter is a practised NED and is currently an Independent Member of the Supervisory Board of Rothschild & Co, and a NED of the Institute for Apprenticeships and Technical Education (IfATE).

Andrea Blance, Senior Independent Director, led a thorough process for the new Chair, conducted by the Nomination Committee, with the support of an executive search firm. On his appointment, Sir Peter will become the Chair of the Nomination Committee.