Vanquis Banking Group plc announced that Patrick Snowball, the Chairman of Vanquis Banking Group since 2018, has informed the Board of his intention to step down from the Board in 2023. Andrea Blance, Senior Independent Director, will lead the search for a new Chair, conducted by the Nominations Committee with the support of an executive search firm. Patrick Snowball will remain as Chairman until his successor has been appointed and to support the transition to the Group's new Chief Executive Officer (CEO), Ian McLaughlin, who starts in July.

As Chairman, Patrick has been instrumental in leading the Board through a period of significant change for the Group since 2018, which has resulted in the transformation of the Group from a consumer finance company to a specialist banking group; a strengthening of the Board, including the appointment of a new CEO; and the implementation of a new culture which puts customers at the heart of everything.