Bank has Cunning plan to replace Ogston

Published on Saturday 27 June 2009 13:54

CLYDESDALE Bank has appointed Graham Cunning as head of its corporate and structured finance team in Scotland following Jack Ogston's decision to retire.

Cunning will step up from his current role as regional director for acquisition finance in Scotland, taking on his new role with immediate effect.

He has been with the bank since 2003, joining from the corporate finance team at PricewaterhouseCoopers.

He will lead a team of 30 corporate and structured finance specialists based in Aberdeen, Edinburgh and Glasgow who are responsible for handling management buyouts and acquisitions and providing debt funding for corporate deals.

Ogston stepped down after more than 36 years with the bank, but will continue in a new part-time ambassadorial position for the company in Scotland. Cunning said: "Despite the current economic climate, there is a real opportunity for us to capitalise on the corporate banking market. Jack has laid a strong foundation and we remain open for business at a time when customers are finding their usual routes to finance more difficult."