The Board of Monument Bank is pleased to confirm that regulatory approval has been confirmed for the appointment of Mrs Fiona Pollard as the successor to Mr Niall Booker as Chair of Monument Bank. This completes an orderly succession process which has been in train for the last six months and came into effect as of 26 July.

Mr Booker indicated to the Board late last year that he would like to step down to focus on his other interests and that after four years in the role and with Monument Bank successfully achieving its banking licence and starting its deposit taking and lending journey, now was an appropriate time to do so.

Mrs Pollard was selected as the Board’s preferred candidate subject to regulatory approval after an extensive appointment process run by the Senior Independent Director, Sir Andrew Likierman.  She has served as an independent Non-Executive Director of the Bank since September 2019 and chairs the Bank’s Remuneration and Nomination Committee.  Fiona has held a varied portfolio of Non-Executive Director roles including Chair of Melton Building Society and the VisitEngland Advisory Board.  In her earlier banking career, she worked for Barclays, Daiwa Europe Bank, NatWest Capital Markets, and Goldman Sachs.

Commenting on the appointment the CEO of Monument Bank Mr Ian Rand said: “I would like to thank Niall for all he has done for Monument over the last four years. He has provided wise counsel and used his considerable banking experience to help shape and guide us through the licensing process, our early lending journey and the development of our Lifestyle offering.  He has been an excellent Chair and played a pivotal role in our success and we are very grateful to him for everything he has achieved and wish him all the best for the future.

“We are very pleased that Fiona will be Niall’s successor as Chair of Monument.  She has shown an exceptionally broad ranging skill set through her deep knowledge of the financial services sector.  Her leadership, vision and market knowledge of savings and property lending have served Monument very well to date and we are looking forward to working with her in the new role.”