James Neilson Pettigrew (born 28 July 1958) who is currently the chairman of the AIB Group Plc, RBC Global Asset Management UK Ltd, and Scottish Ballet. Until recently, he was the chairman of Virgin Money & CYBG PLC, the owners of Clydesdale Bank, Yorkshire Bank and the digital app based current account provider, B. [1] CYBG PLC was formed as part of the demerger with National Australia Bank in early 2016.[2] From 2016-2019, he was Chairman of Scottish Financial Enterprise (SFE), the representative body for Scotland's financial services industry, from 2016-2019.[3] He was also co-chair for the Financial Services Advisory Board (FiSAB) with the First Minister,[4] and was on the advisory board of TheCityUK.[5] and chaired Dundee Heritage Trust.
Early life
editPettigrew was born in Dundee, Scotland on 28 July 1958.[6][7] He attended the High School of Dundee[8] between 1964 - 1976, before going on to study Law at the University of Aberdeen[9] where he gained a L.L.B in 1979. He then undertook a post graduate Accountancy qualification at the University of Glasgow[9] obtaining his Dip.Acc in 1980. He went on to qualify as a Chartered Accountant with Ernst and Young[9] before moving into the corporate sector.
Career history
editIn 1988, Pettigrew joined Sedgwick Group plc, a member of the FTSE 100, rising to become Group Treasurer and stayed until December 1998 at which point he was Deputy Group CFO.[9]
In January 1999, he joined ICAP plc which became a FTSE 100 company and the world’s largest specialist inter-dealer broker, as Group Finance Director.[9]
He was Chief Operating and Financial Officer of Ashmore Group plc from 2006 to 2007 where he played an important role supporting the initial public offering and managing the post IPO process both internally and externally.[9]
Pettigrew then became Chief Executive Officer of CMC Markets plc in October 2007 having previously served as a Non-Executive Director.[10]
He is also a former president of ICAS.[11]
Since leaving CMC Markets plc in 2009, Pettigrew has been building a portfolio of non-executive director appointments; with a focus on the Financial Services and Insurance sectors. He is currently serving on the below boards:[9]
- Chairman of AIB Group Plc.
- Chairman of Scottish Ballet
- Chairman of RBC Global Asset Management UK Ltd
He previously held positions on the boards of:[9]
- Chairman of BlueBay Asset Management (Services) Ltd and BlueBay Asset Management LLP (members of the RBC Group)
- Chairman of Dundee Heritage Trust
- Chairman of Virgin Money/Clydesdale Bank/CYBG PLC
- Chairman of Miton Group PLC
- Chairman of Scottish Financial Enterprise
- Co-Chair of the Financial Services Advisory Board
- Interim Chairman and Senior Independent Non-Executive Director of Rathbone Brothers Plc
- Aberdeen Asset Management plc (2010-2016)
- CMC Markets plc (2005-2007),
- Hermes (2009-2014),
- Aon UK Ltd (2011-2014),
- The Edinburgh Investment Trust PLC,
- Crest Nicholson Holdings PLC.
- City UK Advisory Board
On 7 May 2018 it was reported that CYBG plc, under the leadership of David Duffy and the Board, had made an all share offer to acquire Virgin Money UK. On 18 June 2018 it was announced that the takeover had been agreed. Arrangements were made for CYBG to license the Virgin Money brand for £12 million a year (later rising to £15 million a year) and to move all its retail customers to Virgin Money over the following three years.[12]
Outside interests
editPettigrew has served on the Foundation Board helping preserve the world’s last sea-going paddle steamer – The Waverley.[citation needed]
References
edit- ^ "CYBG PLC: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 26 March 2018.
- ^ "CYBG Rises in British Bank's $570 Million London IPO Debut". Bloomberg.com. 2 February 2016. Retrieved 26 March 2018.
- ^ "The Big Interview: Jim Pettigrew, Chairman of Scottish Financial Enterprise". The Scotsman.
- ^ "Financial Services Advisory Board (FiSAB) - gov.scot". beta.gov.scot. Retrieved 26 March 2018.
- ^ "Advisory Council | TheCityUK". www.thecityuk.com. Retrieved 26 March 2018.
- ^ Dorsey, Kristy. "Monday interview: Jim Pettigrew, president of ICAS". Retrieved 26 March 2018.
- ^ Seib, Christine (30 June 2008). "Jim Pettigrew: the Scot with a nose for finance". The Times.
- ^ "Financial trade body role for Dundee born Clydesdale chairman - The Courier". The Courier. Retrieved 26 March 2018.
- ^ a b c d e f g h "James Pettigrew, Scottish Financial Enterprise: Profile & Biography". Bloomberg. Retrieved 26 March 2018.
- ^ Editor, James Quinn, US Business (14 August 2009). "Peter Cruddas has taken CMC Markets back to basics". ISSN 0307-1235. Retrieved 26 March 2018.
{{cite news}}:|last=has generic name (help)CS1 maint: multiple names: authors list (link) - ^ "Ex-ICAS president Jim Pettigrew appointed chair of Scottish Financial Enterprise - Accountancy Age". Accountancy Age. 3 June 2016. Retrieved 26 March 2018.
- ^ "Virgin Money bought by CYBG for £1.7bn". BBC News. 18 June 2018. Retrieved 5 July 2018.