Directorate change

Nationwide Building Society

19 December 2025

 

Nationwide Building Society

19 December 2025

Nationwide Building Society (Nationwide), Virgin Money UK PLC (Virgin Money) and Clydesdale Bank PLC (Clydesdale Bank) Board Changes

Nationwide Building Society announces the appointment of Guy Bainbridge as a Non-Executive Director of Nationwide, Virgin Money and Clydesdale Bank Boards with effect from 1 February 2026. Guy will also become a member of the Audit Committee and Board Risk Committee. Following a handover, Guy is designated as the future Chair of the Audit Committee, succeeding the current chair, Phil Rivett after the AGM in 2026, subject to regulatory approval.

Guy Bainbridge's biography is set out below. Guy is currently a Non-Executive Director and Chair of the Audit Committee at Manulife Financial Corporation, Non-Executive Director and Chair of the Audit Committee at ICE Clear Europe Limited and Non-Executive Director and Vice Chair of the Board at Yorkshire Building Society. Having served for seven years, Guy is stepping down from his role at Yorkshire Building Society on 31 December 2025.

Nationwide also announces that Anand Aithal, a Non-Executive Director of Nationwide, Virgin Money and Clydesdale Bank, has decided to step down from his Board responsibilities on 31 December 2025. As previously communicated on 30 September 2025, David Bennett, also a Non-Executive Director of Nationwide, Virgin Money and Clydesdale Bank, will step down from the Boards on 31 December 2025.

Biographical information

Guy Bainbridge is an experienced Board Director, serving on boards and board committees for over 20 years, including seven years as a Non-Executive Director in financial services in the mutuals sector. Previously a senior partner at KPMG, where he was their most senior banking audit partner, Guy has been involved in auditing major banks for over 40 years, acting as lead audit partner for institutions such as HSBC, ING and Barclays. In his portfolio career, he has held non-executive directorships at Yorkshire Building Society, ICE Clear Europe and Manulife Financial Corporation at all of which he has been Chair of the Audit Committee.

Kevin Parry OBE, Chairman, remarked:

"Guy brings extensive experience in financial services and governance, having held senior roles in audit and risk oversight across financial services and has invaluable experience of the mutuals sector. His appointment strengthens the Board's expertise in audit and risk oversight, governance leadership, and strategic acumen in financial services."

"I would also like to thank Anand Aithal and David Bennett who will step down from the Board. They both made important contributions to the Society's strategic direction and governance during their tenure, and the Board is grateful for their service and commitment."

Announcement authorised for release by Jason Wright, Group Society Secretary.

For further information, please contact:

Investors and Analysts
Vikas Sidhu	[e-mail]
Company Secretary
Jason Wright	[e-mail]
Media Relations
Sara Batchelor	[e-mail]

About Nationwide

Nationwide is the world's largest building society, with over 16 million members. Following its acquisition of Virgin Money, The Nationwide Group is connected with one in three people in the UK and is the second largest provider of mortgages and retail deposits. It is also a major provider of current accounts, credit cards, personal loans and business banking. Customers can choose to manage their finances in a branch, via mobile app, the internet, telephone, and post. Nationwide has around 25,000 employees and its head office is in Swindon, UK.

As a financial services provider owned by its members, not shareholders, Nationwide's purpose is "Banking - but fairer, more rewarding, and for the good of society". Each year, it gives 1% of its profits before tax to good causes. See About Us | Nationwide.

 

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