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  • 17 Jun 2025

First Take: Secure Trust Bank - CEO succession


Secure Trust Bank Plc (STB:LON) | 911 18.2 0.2% | Mkt Cap: 173.8m


  • Investec Bank
    • Jens Ehrenberg, CFA | Rahim Karim, CFA

    • 4 pages


 

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First Take: Secure Trust Bank - CEO succession


Secure Trust Bank Plc (STB:LON) | 911 18.2 0.2% | Mkt Cap: 173.8m


  • Published: 17 Jun 2025
  • Author: Jens Ehrenberg, CFA | Rahim Karim, CFA
  • Pages: 4
  • Investec Bank


David McCreadie to retire from his role as CEO Secure Trust Bank announced this morning that David McCreadie will retire from his role as CEO, whilst the Group announces the appointment of Ian Corfield as CEO designate from 23 June and as CEO from 16 August onwards, subject to regulatory approval. David will remain available to support the business until June 2026 in order to ensure a smooth transition. Ian has >20 years of experience working in financial services. He was previously Chief Commercial Officer of NewDay Ltd from 2014 to 2023, served as CEO of Aussie Home Loans and Business & Retail Banking at Bankwest, both based in Australia, and held a number of senior roles at HBOS Plc. Most recently, Ian has worked as an adviser to HM Treasury and will step down from his role as a Specialist Partner at Flint Global, a regulatory and competition advisory firm, in advance of becoming CEO of Secure Trust Bank. We are encouraged by the succession plan in place and David’s availability to ensure a smooth transition.

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