Vida Bank has appointed Stuart Sinclair as its chair, succeeding Steve Haggerty who has served in the role for nine years.
Sinclair has previously held senior roles across banking, insurance and consulting both in the UK and internationally.
These include chief executive officer of Tesco Bank, chief executive officer of GE Capital UK’s consumer business and director of UK retail banking at RBS.
He currently serves as chair of International Personal Finance and Willis.
In addition, he has held board positions at LV, TSB, Lloyds Banking Group, and Schroders Personal Wealth.
Sinclair’s appointment at Vida comes after it secured its banking licence in November last year.
Commenting on his new role, Sinclair says: “I’m delighted to join Vida Bank at such a pivotal moment in its journey. The granting of its banking licence marks the beginning of an exciting period of growth and opportunity.”
Haggerty, who will remain on the board as a non-executive director until September 2025, also comments: “It has been an incredible journey over the past nine years, and incredibly satisfying to serve as the first chair of Vida Bank.”
“I am immensely proud of what the team has accomplished in recent years and confident that the platform we have built will go on to deliver real growth and success in the future.”
“I am fully confident that Stuart is the perfect person to take Vida on the next phase of its journey and I look forward to supporting the transition and watching the business thrive in the years ahead.”
Last month, Vida Homeloans launched a range of 97% LTV residential mortgage products.
The products, called ‘3 & Easy’, are aimed at helping long-term renters and first-time buyers to get a foot on the property ladder and begin to move up the chain.
