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Embark Group announces changes to Board

Embark Group (Embark) today announces several changes to its Board following the completion of its acquisition by Lloyds Banking Group.

Sophie O’Connor has been appointed Group Chair of Embark, with David Barral stepping down to remain Chair of Rowanmoor. Sophie has had an extensive non-executive and executive career in financial services and is currently a Non-Executive Director and Interim Chair of Scottish Widows Group, as well as Chair of Scottish Widows Unit Trust Managers and HBOS (Halifax) Investment Fund Managers. She is also Senior Independent Director and Chair of the Risk Committee at BUPA Insurance Limited.

In addition, Jackie Leiper and Scott Guild, the new Group CEO and CFO respectively, will join the Board as Executive Board members.

Jonathan Anderson, former Chair of Alliance Trust Savings, has been appointed as Non-Executive Director and Chair of the Audit Committee, alongside existing independent Non-Executive Directors Priscilla Davies and Mark Skinner. Jonathan has over 30 years’ senior management and non-executive experience, having previously held roles at Barclays Corporate Bank as Chief Financial Officer and LV= as Director, Group Finance.

Donald MacKechnie, Transformation and Strategy Director, Insurance and Wealth at Lloyds Banking Group, has also joined the Embark Board as a Non-Executive Director.

Rupert Ruvigny and Dave White, previously Non-Executive Directors, have stepped down from the Board. A further independent non-executive director and Risk Committee chair will be announced in due course.

David Barral, outgoing Chair of Embark, commented:

“I’m excited for the future of Embark as part of Lloyds Banking Group, and I look forward to watching its progress over the coming years as it continues to grow its position as one of the UK’s leading retirement solutions providers.”

ENDS


Editors’ notes

For further information, please contact:

Quintin Keanie

The Agency Partnership (Embark Media Relations)

Email: quintin.keanie@theagencypartnership.com

Tel: 07880 602902

About Embark Group

Embark Group is a fast growing, diversified, financial services business and one of the leading retirement solutions providers in the UK. The Group trades under the brands Embark, Advance, Horizon, Stocktrade, Vested and The Adviser Centre and operates a wide portfolio of white label services to the Wealth Management, D2C, Robo-Advice, Retail Banking and Workplace markets.

Providing a combination of deep pension expertise and leading technology integration that cover the areas of Investment Platform, Brokerage, SIPP, Multi-Asset Funds, Fund Research and Employee Benefit Consulting, Embark works closely with financial advisers and its intermediary distribution partners to deliver their retail savings and investment propositions to consumers of all levels of affluence.
The Group has more than £37bn in assets under administration on behalf of c354,000 consumer clients, operating across seven UK locations (London, Bolton, Dundee, Edinburgh, Leeds, Leicester and Swindon). Embark has been recognised as one of the most innovative Wealth Tech companies for the past three years.

In January 2022 Embark became part of Lloyds Banking Group, a leading UK based financial services group providing a wide range of banking and financial services.

embarkgroup.co.uk

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