Virgin Money announces board team

Sir Brian Pitman is senior advisor at Morgan Stanley, senior independent director of Carphone Warehouse Group Plc and chairman of Acturis Limited. He became chief executive of Lloyds Bank in 1983 and was chairman of Lloyds TSB Group from 1997 until his retirement in 2001. In November 2009 he was appointed by the Financial Services Authority as one of five advisers assisting the regulator on a framework for ensuring effective governance in financial institutions.

Norman McLuskie served for more than 20 years at The Royal Bank of Scotland Group, retiring in 2004. Norman was deputy chief executive of RBS prior to the takeover of NatWest. He then led RBS's retail direct division comprising the non-RBS branded businesses (including Tesco Personal Finance) during periods of significant growth.

Colin Keogh served at Close Brothers for 25 years and was group chief executive officer from 2002- 2009. As chief executive of Close Brothers, Colin managed significant changes to the business including the introduction of a new senior management team and the acquisition and integration of a number of new businesses.

Sir Brian Pitman, chairman of Virgin Money, said: "I am impressed with the Virgin Money business and I am looking forward to working with Jayne-Anne Gadhia and her team. Church House Trust provides Virgin Money with the ideal platform to make a significant impact in the UK banking market. Our bank will be well capitalised and managed prudently with a strong focus on serving customers. It will see a much needed return of old fashioned banking principles."

Commenting on Sir Brian Pitman's appointment, Sir Richard Branson, Founder of the Virgin Group, said: "I am delighted to announce Sir Brian Pitman's appointment to the board of Virgin Money. Sir Brian is one of the most UK's most influential bankers and will be a great asset to the Virgin Money business."