Equiniti Group PLC (LON:EQN) announced that it has secured Paul Lynam as its new Chief Executive, effective from 1st April 2021.
According to a press release shared with Finance Magnates, Paul Lynam, experienced in Banking, finance and general management, has been onboarded by Equiniti Group, an international technology-led services and payments specialist. He will succeed Guy Wakeley, who is stepping down immediately by mutual agreement. However, in the interim period, Cheryl Millington, an independent non-executive Director, will fill in until Lynam joins the team.
Lynam is a Fellow of the IFS School of Finance and an Associate of the Chartered Institute of Bankers and the Association of Corporate Treasurers. Additionally, he is a member of the faculty of the School for CEOs.
A Look Back at Lynam’s Vocation
Prior to the post at Equiniti Group, Lynam served as Chief Executive Officer at Secure Trust Bank PLC. For more than ten years, he successfully led the organisation, which is currently focusing on Retail Banking, Consumer Finance and SME lending markets. Simultaneously at Arbuthnot Banking Group PLC, he fulfilled the role on non-Executive Director. However, he left this role after his triumphs there over eight years, according to his LinkedIn profile.
Earlier to these roles, RBS recruited Lynam originally as Chief Executive of Business Banking in May 2008. After only eight months, he elevated to the rank of Managing Director of Banking. His primary responsibility was for the SME business in the UK within RBS & NatWest.
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At Lombard North Central PLC, he was Managing Director for almost four years. During this time, he was in charge of the largest asset finance and asset management company in Europe.
Cheryl Millington as Interim
As mentioned, Millington will temporarily fill in as the interim Chief Executive until April 2021. She has held a board position since 2018 and has vast experience in technology and leadership.
Philip Yea, the Chairman, commented: “I am very pleased that Paul has agreed to join EQ as Chief Executive. Prior to STB Paul led a range of diverse businesses including Lombard asset finance and the SME banking business of NatWest in the UK. He was one of the founding directors of UK Finance, the recognised trade body for the UK Financial Services industry. We are delighted to have attracted someone of Paul’s experience to lead the Group.”
“The Group has a good reputation with strong customer loyalty and significant presence in its chosen markets. I can see clear potential for the Group and am particularly looking forward to leading a committed team as we look to take advantage of the opportunities ahead,” Lynam said.