Virgin Money brings in former RBS man Rochford

Virgin Money have boosted their senior management team. Picture: PA

Virgin Money have boosted their senior management team. Picture: PA

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VIRGIN Money has beefed up its senior management team in a move that it says reflects “a period of unprecedented growth” since its acquisition of Northern Rock.

The Edinburgh-based company has hired Lee Rochford from Royal Bank of Scotland as chief financial officer, in an unusual move that will see him work “in tandem” with finance director Finlay Williamson.

The firm said it wanted to add experience to its line-up, with Williamson left off a list of the executive team, which places Rochford immediately behind chief executive Jayne-Anne Gadhia.

The group has also hired Michele Greene from credit card group MBNA as director of banking.

Both executives will take up their posts in October.

Virgin Money said that, since the acquisition of Northern Rock in January 2012, it has experienced a period of unprecedented growth, opening more than 1.7 million customer accounts and returning to profit.

Chief executive Gadhia said: “We are now planning for the future as we continue on our quest to build a better kind of bank, offering a full range of retail financial services to our customers.

“I am delighted that Lee and Michele will be joining the Virgin Money executive team.

“Both are very important appointments and they represent another significant step for Virgin Money.”

The firm said it has returned to profitable monthly trading and expects to report an full-year underlying profit for 2013.

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