CEO of UK Finance steps down
Stephen Jones has today offered his resignation as CEO of UK Finance, which the Board has accepted.
Commenting Bob Wigley, chairman of UK Finance said:
“Stephen has rightly acknowledged that the comments he made in 2008 were inappropriate and do not meet the standards expected of leaders in our industry. He has characteristically taken a difficult personal decision in the interest of UK Finance and the industry and we accept his decision.
“I and the Board of UK Finance want to thank Stephen for all of his vision and hard work in building UK Finance over the last three years. His commitment and passion to raise standards across the industry and ensure our work was always focussed on meeting the needs of consumers and businesses has never been more apparent than in the way UK Finance and our members have responded to the challenges of recent months.”
Commenting Stephen Jones said:
“I have apologised to Ms Staveley and to my colleagues for the comments made in 2008 and feel at this time it is right I step down from my role at UK Finance.
“I am very proud of what we have achieved since the formation of UK Finance in 2017. Our current work with the banking and finance industry, government, business and consumer groups and regulators to coordinate the provision of financial support during the COVID19 crisis shows UK Finance at its best.
“I am confident UK Finance will continue to be an effective advocate and agent for the banking and finance industry and would like to thank all my colleagues and the Board for their commitment to build an effective and appropriate voice.”