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Vanquis Banking Group PLC - Bradford, England-based lender - Chief Financial Officer Neeraj Kapur steps down from his role with immediate effect due to ‘personal reasons’. Names Chief Risk Officer Gareth Cronin as interim CFO while it conducts a search for a permanent successor. Says Cronin will be supported by the ‘deep senior bench’ in both the group finance and treasury functions.
Chief Executive Officer Ian McLaughlin says: ‘Neeraj has played a key role in our transformation to a specialist banking group focused on mid-cost and near-prime customers and I would like to thank him on behalf of the board, and the group.’
Current stock price: 122.00 pence
12-month change: down 37%
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