ONESAVINGS BANK PLC Directorate Change

 
TIDMOSB 
 
 
   LEI: 213800WTQKOQI8ELD692 
 
   OneSavings Bank plc ("OSB") 
 
   Directorate Changes 
 
   OneSavings Bank plc, the specialist lending and retail savings bank, 
announces that Non-Executive Directors Tim Brooke, Margaret Hassall and 
Ian Ward have each decided that they will not stand for election or 
re-election at the annual general meeting on 7 May 2020. 
 
   Andy Golding, Chief Executive of OSB, said:  "On behalf of the OSB Board 
and executive team I would like to thank Tim, Margaret and Ian for their 
guidance and contributions on the Board, and wish them well in their 
future endeavours." 
 
   David Weymouth, Chairman, said: "On behalf of the entire OSB Board I 
would like to thank Tim, Margaret and Ian for their significant 
contributions, particularly during the combination with Charter Court 
Financial Services Group plc last year." 
 
   Enquiries: 
 
   OneSavings Bank plc 
 
   Alastair Pate                                                                             t: 01634 838 973 
 
 
   Brunswick Group 
 
   Robin Wrench/Simone Selzer                                                      t: 020 7404 5959 
 
 
   About OneSavings Bank plc 
 
   OneSavings Bank plc ("OSB") began trading as a bank on 1 February 2011 
and was admitted to the main market of the London Stock Exchange in June 
2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. On 4 October 
2019, OSB acquired Charter Court Financial Services Group plc ("CCFSG") 
and its subsidiary businesses. OSB is a specialist lending and retail 
savings group authorised by the Prudential Regulation Authority, part of 
the Bank of England, and regulated by the Financial Conduct Authority 
and Prudential Regulation Authority. 
 
   OSB primarily targets market sub-sectors that offer high growth 
potential and attractive risk-adjusted returns in which it can take a 
leading position and where it has established expertise, platforms and 
capabilities. These include private rented sector Buy-to-Let, commercial 
and semi-commercial mortgages, residential development finance, bespoke 
and specialist residential lending, secured funding lines and asset 
finance. 
 
   OSB originates mortgages organically via specialist brokers and 
independent financial advisers through its specialist brands including 
Kent Reliance for Intermediaries, InterBay Commercial and Prestige 
Finance. It is differentiated through its use of highly skilled, bespoke 
underwriting and efficient operating model. 
 
   OSB is predominantly funded by retail savings originated through the 
long-established Kent Reliance name, which includes online and postal 
channels as well as a network of branches in the South East of England. 
Diversification of funding is currently provided by securitisation 
programmes, the Term Funding Scheme and the Bank of England Indexed 
Long-Term Repo operation.

(END) Dow Jones Newswires

March 19, 2020 13:29 ET (17:29 GMT)

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