Dave Pickering appointed head of integration and transformation risk oversight at CYBG plc

Dave Pickering

Dave Pickering

CYBG plc, the UK’s sixth largest bank, has appointed Dave Pickering to its Group Risk function as its new head of integration and transformation risk oversight. Pickering will now be responsible for the risk oversight of the programme designed to successfully integrate and transform Virgin Money, working closely with the Group’s Board and leadership teams on its risk management framework.

Pickering was previously CEO of the Lending Standards Board (LSB) where he led the transformation of the organisation, establishing self-regulation and standards to complement statutory regulation in enabling firms to deliver good customer outcomes. This included agreeing with the Financial Conduct Authority (FCA) for the LSB to be the oversight body for the FCA’s credit card market study information remedies, as well as strengthening the LSB’s role in the wider industry, including through the access to banking standard.

Pickering has worked in financial services for 30 years, including at the Nationwide Building Society where he was a member of the Group Risk senior management team with responsibility for leading the Compliance Review team.

Mark Thundercliffe, Group Chief Risk Officer at CYBG, commented: “The successful and smooth integration of CYBG and Virgin Money is key focus for the business. Dave is a very strong addition to our team and his extensive experience of stakeholder management, coupled with senior roles in internal audit, risk management and compliance are particularly impressive.”

Pickering himself added: “It’s a hugely exciting time for CYBG and Virgin Money and I’m looking forward to joining the team as it continues its transformation into a Group that will positively disrupt and challenge the market. I believe my 30 years of experience in financial services will bring a fresh perspective as we move forward.”

Operating under the Clydesdale Bank, Yorkshire Bank, B and Virgin Money brands, CYBG plc is the only bank outside the ‘Big 5’ that boasts a genuine full-service retail and SME capability.

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

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