The Bank of England's Prudential Regulation Authority (PRA) is about to get two new board members.
The Bank announced the appointment of former Clysdesdale and Yorkshire Banks chief executive David Thorburn, and Dr Norval Bryson who's due to step down as deputy chairman of Scottish Widows and non-executive director of Lloyds TSB, effective from September 2015.
"I am delighted to welcome David Thorburn and Dr Norval Bryson to the PRA Board. Each brings valuable and varied experience," Governor Mark Carney said.
David’s considerable expertise in retail and commercial banking will be of great benefit as will Norval’s exposure to the insurance sector and extensive experience as a non-executive director."
The Bank of England's PRA board is currently made up of four members from the Bank of England as well as five independent members.
As a result of these two appointments, Paul Fisher, whose appointment to the board as a Bank member was subject to the majority of the board consisting of independent members, will join it on 1 September 2015.