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BACB Makes Double Independent Non-Executive Director (INED) Appointments

Posted on 18/12/2020

Press Releases

BACB is pleased to announce the appointment of two new Independent Non-Executive Directors to its Board – Nigel Boothroyd and Sundeep Bhandari.

Mr Bhandari has joined as chair designate of the Risk & Conduct Committee (SMF10 – regulatory approval pending). His executive career in financial services began at Barclays where he was Head of Credit Risk for the ASEAN region. In 2000, Mr Bhandari joined Standard Chartered, where he held various roles as Regional & Country Head Global Markets and Co-Head Banking for South East Asia and subsequently North East Asia based in Mumbai and Hong Kong respectively, before becoming the Global Head of Audit Regions. Mr Bhandari currently holds an SMF10 INED position at Punjab National Bank.

Mr Boothroyd is an experienced Non-Executive Director and is actively involved as a NED and Chair of the Risk Committee at Redwood Bank and as an INED and Vice-Chair at Harpenden Building Society. Prior to this, Mr Boothroyd held leadership roles both in the UK and Canada for HSBC’s Corporate Banking arm – and latterly became Regional Head of Lending & Transaction Management for Europe.

The two appointments to the board of directors follow the recent appointment of Mr Eddie Norton into the role of interim CEO in October subject to regulatory approval, as the specialist bank embarks on the next stage of its sustainable profitable growth strategy.

Mr Michael Stevenson, chairman of the board, says: “We are delighted to welcome Sundeep and Nigel to board as non-executive directors – two highly-experienced professionals who have operated at the highest level for two world-leading institutions. Their risk expertise and corporate governance experience will serve them well in providing vital counsel and oversight alongside our already accomplished board of directors.”

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