Banking Competition Remedies Ltd (BCR), the independent body charged with implementing the £775 million Royal Bank of Scotland (RBS) Alternative Remedies Package, has appointed Richard Anderson as a non-executive director.
A former chairman of the Institute of Risk Management and a currently an independent non-executive director at Pay. Uk, Anderson will join the BCR leadership team alongside John Howard as one of two non-executive directors working alongside the board.
The BCR’s Capability and Innovation Fund, established in the wake of the government bailout of RBS, is designed to promote capabilities and competition in the market for banking services to SMEs in the UK.
Anderson previously led the Strategic Risk Services Group in Europe, Middle East and Africa as a partner in PwC before working for a variety of risk consulting practices and setting up his own.
Until recently he was also Chairman of the Cheque & Credit Clearing Company.
Godfrey Cromwell, executive chair of BCR said today: “We are delighted to have Richard join the board of BCR. His skills and experience are a complementary fit with our current board and his financial services, accounting and regulatory background are particularly appropriate to his chairing of our Risk and Audit Committee. We look forward to working with him”.
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