Carol has nearly 50 years of experience in banking — 24 of which were spent at the Bank of England, where she held various roles, including being responsible for the worldwide supervision of major UK banking groups.

Throughout her career, she also worked at Lloyds Banking Group as chief risk officer, and at the UK Financial Services Authority, where she spent five years working in senior roles.

In addition to her NED position at PCF Bank, Carol serves as an NED at Danske Bank A/S — where she is chair of the risk committee and member of the conduct and compliance committee — and as a senior NED, chair of the risk committee and member of the audit committee at Belmont Green Finance.

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She also has roles in an advisory and charitable capacity — she is a trustee of Lloyds Register Foundation, and a member of the global advisory board and chair of the Global Women’s Leadership Council at Bayes Business School.

Simon Moore, chair of PCF Bank, said: “Carol’s experience and background in a regulatory and commercial capacity at the highest level of our industry will bring a fresh and experienced perspective to our thinking, as we continue to consider strategies to bring certainty and to maximise value for shareholders, with the highest standards of integrity. 

“I am delighted that Carol will join PCF and know that myself and the rest of the board look forward to working with her.”