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[August 05, 2014]
Pettigrew takes on the role of Clydesdale chairman [Herald, The (Scotland)]
(Herald, The (Scotland) Via Acquire Media NewsEdge) CLYDESDALE Bank has appointed financial services veteran Jim Pettigrew as its new chairman.
The experienced accountant has been a non-executive director on the board since September 2012.
He replaces Cameron Clyne, the former chief executive of Clydesdale parent National Australia Bank (NAB), who has now retired.
Mr Pettigrew will also chair the board of National Australia Group Europe while his former role as audit committee chairman on both boards will be taken by fellow non-executive David Allvey.
The 56-year-old Mr Pettigrew, originally from Dundee, has held executive positions at broker Icap, investment manager Ashmore and most recently as chief executive of spread betting firm CMC. Since leaving CMC Mr Pettigrew, a keen supporter of the Waverley paddle steamer, has built up a portfolio of non-executive positions.
Currently he is chairman at Edinburgh Investment Trust, deputy chairman of Royal Bank of Canada (Europe), senior independent director at housebuilder Crest Nicholson and audit committee chairman at Aberdeen Asset Management. Alongside that Mr Pettigrew is deputy president of the Institute of Chartered Accountants of Scotland. He is scheduled to step down from other non-executive roles at Hermes Fund Managers and AON UK at the end of October.
David Thorburn, chief executive of Clydesdale, said: "We're delighted Jim has agreed to chair the boards.
"He's made a significant contribution over the past two years during what has been a period of major transformation for the business." (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.
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