Derived from the French word “portillon”, meaning the security gate in front of a castle, the new name passed various tests of positive association and recall.
To this end, Portillion is pleased to also announce the following Board and Senior Management appointments:
- Gerald Gregory, previously a director of Britannia Building Society, is Non Executive Chairman;
- Ronnie Baird, previously a director of the FSA, is senior Non Executive Director and Chairman of the Audit Committee;
- Stephen Knight, previously Executive Chairman at GMAC RFC, is Chief Executive Officer;
- David Hill, previously Chief Financial Officer and Chief Executive Officer at Stroud & Swindon Building Society, is Chief Financial Officer;
- David Kindred, previously Head of Decision Sciences at Lloyds Banking Group, is Chief Risk Officer; and
- Philip Dearing, previously Chief Executive Officer at Market Harborough Building Society, is Savings Director.
Gerald Gregory, Non Executive Chairman, added:
“The board, management team and governance structure that has been put in place at Portillion is as good as I have seen anywhere in the industry. When the time is right for us to launch, I am sure we will improve choice and benefits for customers."
