Corporate Governance – Board of Directors

 

Executive directors

Rabinder (“Ravi”) Singh Takhar

Position: Chief executive officer.

Skills and experience: Mr Ravi Takhar has over 25 years’ experience in the acquisition, growth, financing and disposal of financial businesses. Mr Takhar joined Bexhill UK Limited in 2002 and has led the growth of its business to its current size. Prior to creating the group, Ravi was an investment banker and head of Financial Services investment at Nikko, the Japanese investment bank, from 1998 to 2002 as well as chairman of Mortgages PLC, the mortgage lender. Mr Takhar was also head of Mortgage Principal Finance at Investec Bank PLC from 2005 to 2008. He qualified as a banking solicitor at Clifford Chance, a leading international law firm, and has an MA from the University of Oxford.

Tenure: appointed 2 June 2015, last elected December 2015

Other current principal external appointments: Mr Takhar is currently a director of Urban Exposure plc and a non-executive director of Honeycomb Investment Trust PLC.

Re-election: This is required at the first AGM after appointment and every three years thereafter.

Termination: Termination of his contract is by either party with six months written notice.

Remuneration: This is set by the remuneration committee and is disclosed in the annual report.

Time requirement: He is expected to devote such time as is necessary for the proper performance of his duties.

Shareholding: He holds 11,458,333 ordinary shares in the group.

William (“Liam”) Leo McShane

Position: Part time chief financial officer and company secretary

Skills and experience: Mr Liam McShane has over 25 years’ experience as a chartered certified accountant and is responsible for all internal accounting and treasury management, as well as all monthly and annual accounting for the group. has been involved in providing tax and financial advice to Bexhill UK Limited since 2000, from 2002 as a partner in McShane Wright Chartered Certified Accountants having qualified as a chartered certified accountant in 1994. From 1989 until its merger with the British Insurance Brokers Association in 2012, he advised the Institute of Independent Insurance Brokers, an association for professional insurance intermediaries, providing tax and financial advice to the Institute, its members and professional advisers.

Tenure: appointed 2 June 2015, last elected December 2015.

Other current principal external appointments:Mr McShane is currently a Fellow of the Association of Chartered Certified Accountants. He is a director of MW Corporate Secretaries Limited. He is a member of the Bank of England Decision Maker Panel.

Re-election: This is required at the first AGM after appointment and every three years thereafter.

Termination: Termination of his contract is by either party with three months written notice.

Remuneration: This is set by the remuneration committee and is disclosed in the annual report.

Time requirement: He is expected to devote such time as is necessary for the proper performance of his duties.

Shareholding: He holds no shares in the group.

Non-executive directors

Gary Antony Jennison

Position: Independent non-executive chairman.

Skills and experience: Mr Gary Jennison has 40 years of retail banking and financial services experience. Until February 2017, he served as CEO of European Business Operations at The Warranty Group, where he played an integral role in taking the business onto a growth platform of increasing revenue and profits. He served as Deputy CEO for a period of two years with non-standard mortgage lender Jerrold Holdings Limited, which he joined from Payzone, where he was the UK MD for two and a half years. Prior to that, he held the role of CEO of Secure Trust Bank and was a director of Arbuthnot Banking Group plc for four years. Previously he was at Barclays Bank for four years where he oversaw 2,000 bank branches and 21,000 employees when he was MD of the UK Branch Network of Barclays. He is a member of the audit committee and the remuneration committee.

Tenure: appointed 1 November 2017, last elected December 2017.

Other current principal external appointments:Mr Jennison is currently a director of Solutions Consultants Limited; non-executive director at Admiral Financial Services Ltd; non-executive chairman at Lantern Debt Recovery Services Ltd.

Re-election: This is required at the first AGM after appointment and every three years thereafter.

Termination: Termination of his contract is by either party with three months written notice.

Remuneration: This is set by the executive directors and is disclosed in the annual report.

Time requirement: He is expected to devote such time as is necessary for the proper performance of his duties.

Shareholding: He holds no shares in the group.

Jonathan Paul David Shearman

Position: Independent non-executive director.

Skills and experience: Mr Jonathan Shearman has over 20 years’ experience of public equity markets having started his career in equity research at James Capel in 1993, before working in equity sales at Williams de Broë and KBC Peel Hunt. He worked as an equity analyst at Gartmore Investment Management (2006 to 2008) followed by a role as strategic consultant to Altium Group (a pan European Investment Bank). He is a member of the audit committee and chairman of the remuneration committee.

Tenure: appointed 5 June 2015, last elected December 2015.

Other current principal external appointments:Mr Shearman serves as an independent non-executive director of Trifast plc, a company listed on the Main Market of the London Stock Exchange, being a member of the audit and nominations committee and chairman of the remuneration committee.

Re-election: This is required at the first AGM after appointment and every three years thereafter.

Termination: Termination of his contract is by either party with three months written notice.

Remuneration: This is set by the executive directors and is disclosed in the annual report.

Time requirement: He is expected to devote such time as is necessary for the proper performance of his duties.

Shareholding: He holds no shares in the group.