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Virgin Money says in talks to name ex-HSBC executive as chairwoman
October 25, 2017 / 6:19 AM / in a month

Virgin Money says in talks to name ex-HSBC executive as chairwoman

Oct 25 (Reuters) - Virgin Money is it advanced talks to appoint former HSBC executive Irene Dorner as its non-executive director and chairwoman elect, it said on Wednesday, confirming recent speculation in the media.

Any appointment would be subject to regulatory approval, the British challenger bank said in a brief statement.

If Dorner joins Virgin Money, she will be taking over from Glen Moreno, who intends to retire in 2018, and would be joining Jayne-Anne Gadhia, the first female CEO of a listed British bank at the helm.

Dorner has been chief executive of HSBC USA and a non-executive director at French insurer AXA and Rolls Royce Holding.

Sky News had reported on Tuesday that Virgin Money was close to naming Dorner as chairman. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by David Holmes)

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