The Co-operative Bank appoints new director, retail and commercial bank
The Co-operative Bank has announced Liam Coleman as director, retail and commercial bank, effective from the 1 September 2014. Liam joined the Co-operative Bank in June 2013 as treasurer, working to deliver the recapitalisation plan and supporting the wider turnaround of the bank.
In his new role, Liam will be responsible for the delivery of the retail and commercial banking elements of the four year strategic plan. A member of the bank’s executive committee, he will report directly to chief executive, Niall Booker.
Liam has extensive experience both in financial services and banking, and in driving transformational change. Previously, he held the position of deputy group treasurer at the Royal Bank of Scotland and, prior to this, spent 15 years in senior roles at Nationwide, which culminated in treasury group director.
Steve Britain, Interim director, retail and commercial bank, will resume his position of commercial director, and will continue to attend the executive committee.
Subject to regulatory approval, Ashley Lillie, the current deputy treasurer, will be promoted to the role of treasurer. Ashley was an important member of the team in the management of the bank’s liquidity, the LME and in the recent successful £400m capital raise.
Commenting on the appointment, Niall Booker, chief executive of the Co-operative Bank plc, said: “Liam’s wealth of executive level experience and familiarity with managing both sides of the balance sheet will help us build on the excellent progress that Steve Britain and the senior management team have already made in, rebuilding the Bank’s future as a successful and sustainable business for customers, colleagues and shareholders.
“I would like to thank Steve for his significant contribution in executing the early stages of our four year business plan and welcome his continued support as commercial director, in helping us achieve the scale of transformation required in the business.”