Directorate change
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Vanquis Banking Group plc
John Natalizia to succeed Ian McLaughlin as Chief Executive Officer (CEO)
London – 11 November 2026 - Vanquis Banking Group plc (“Vanquis” or the “Group”) today announces the appointment of John Natalizia as CEO. The appointment is subject to regulatory approval. John will join the Board with immediate effect.
The appointment follows a comprehensive and rigorous executive search process led by the Board, which considered the experience required to lead Vanquis in the next phase, following the announcement on 11 September 2026 of Ian McLaughlin’s intention to step down as CEO. Ian has now left the business and stepped down from the Board, effective 10 November 2026.
John joined Vanquis in July 2023, following the acquisition of the fintech uSnoop Limited (‘Snoop’) in July 2023, which he co-founded, and has been a member of the Group Executive Committee since then. He was appointed Deputy CEO in April 2026 and has had executive responsibility for the Group’s product offerings, and technology and change delivery, which incorporates the Gateway transformation programme. He has over 25 years of banking experience, including a range of senior commercial, digital, operational and transformation roles at Virgin Money and MBNA. At Virgin Money, John was responsible for the build, migration and successful launch of Virgin Money’s credit card business. At MBNA, he led the strategic transformation of its credit card division.
Sir Peter Estlin, Group Chairman, commented: “John brings extensive experience to the role, together with a deep understanding of Vanquis and the customers we serve. Vanquis has undergone substantial change in recent years, including the modernisation of its technology and operating capabilities. John has played an important role in that transformation, working closely with the Board and leadership team across the business.
The Board believes John has the required experience, commercial focus and understanding of the business needed to lead Vanquis in its next phase, with a clear focus on disciplined execution, and delivering shareholder value.”
John Natalizia, CEO, commented: “It is a privilege to be asked by the Board to take on the role of Chief Executive of Vanquis. I know the business well and believe strongly in the role we play serving customers whose needs are not always well met by mainstream providers.
We have made substantial progress in modernising Vanquis. My priority is firmly on execution, with a clear emphasis on serving our customers responsibly, particularly as they navigate the current cost-of-living pressures on household finances. I remain focused on improving efficiency and ensuring that growth and investment translate into attractive, sustainable returns and ultimately value creation for shareholders.”
Save as disclosed above, there are no other matters requiring disclosure under UKLR 6.4.8R.
Enquiries
Investors and analysts
James Cranstoun, Head of Investor Relations
+44 (0) 7766 937 406
Media
Scott Mowbray, Head of Group External Communications
+44 (0) 7834 843 384
Victoria Ainsworth, Senior Director (Hawthorn Advisors)
+44 (0) 7894 995 886
Forward looking statements
This report may contain certain "forward looking statements" regarding the financial position, business strategy or plans for future operations of Vanquis Banking Group. All statements other than statements of historical fact included in this document may be forward looking statements. Forward looking statements also often use words such as "believe", "expect", "estimate", "intend", "anticipate" and words of a similar meaning. By their nature, forward looking statements involve risk and uncertainty that could cause actual results to differ from those suggested by them. Much of the risk and uncertainty relates to factors that are beyond Vanquis Banking Group’s ability to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements which speak only as at the date of this report. Vanquis Banking Group does not assume any obligation to, and does not intend to, revise or update these forward-looking statements, except as required pursuant to applicable law or regulation. No statement in this announcement is intended as a profit forecast or estimate for any period. No statement in this announcement should be interpreted to indicate a particular level of profit and, as a consequence, it should not be possible to derive a profit figure for any future period from this report.
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