President & Board of Directors

Sarah Bates

Non-Executive Director
Sarah joined the Board as an independent non-executive Director in September 2004 and is a member of the Investment and Risk Committees. She is a director of various listed investment trusts and strategic investment adviser to the Merseyside and East Riding Pension Funds. Sarah is lay adviser to the investment committee of the Royal College of Surgeons and a member of Newnham College, Cambridge and the Cancer Research UK Pension Fund Investment Committees. She has a law degree from Trinity Hall, Cambridge and an MBA from the London Business School.

Jo Dawson

Non-Executive Director
Jo was appointed to the Board as a non-independent, non-executive Director on 31 May 2006 representing HBOS plc. She is Chief Executive of Retail Distribution, Insurance and Investment at HBOS plc and joined the HBOS board on 1 May 2006. She originally joined Halifax in June 2000 as General Manager, Retail Sales, having held senior positions at Nat West and Green Flag. Jo is a graduate of Cambridge and has an MBA from Warwick Business School. She is also a member of the Board of the Association of British Insurers.

Andy Hornby

Non-Executive Director
Andy was appointed to the Board as a non-independent, non-executive Director on 31 May 2006 representing HBOS plc. He joined the Board of Halifax plc as Chief Executive, Halifax Retail in 1999, having previously held senior positions at Blue Circle and Asda. He was appointed Chief Executive of HBOS plc in July 2006 and is also a non-executive director of Home Retail Group. Andy graduated from Oxford and has an MBA from Harvard.

Derek Netherton

Non-Executive Director
Derek is an independent non-executive Director, appointed in May 1996. He is Chairman of the Audit Committee and a member of the Remuneration and Nomination Committees. Derek is Chairman of Greggs plc and is a non-executive director of Next PLC. He is a Fellow of the Institute of Actuaries and was formerly a director of J. Henry Schroder & Co Limited.

Mike Power

Non-Executive Director
Mike joined the Board as an independent non-executive Director in May 2005. He is Chairman of the Risk Committee and a member of the Audit Committee. He is Professor of Accounting and a Research Director of the ESRC Centre for Analysis of Risk and Regulation at the London School of Economics and Political Science, where he has worked since 1987. He is a Fellow of the Institute of Chartered Accountants in England and Wales and an Associate of the UK Chartered Institute of Taxation. He sits on the risk management committee of the London School of Economics and lectures and writes on risk management, regulation and compliance issues.

Michael Sorkin

Senior Independent Director
Michael was appointed to the Board as an independent non-executive Director in January 2002. He was appointed Senior Independent Director in May 2005, is Chairman of the Remuneration and Nomination Committees and a member of the Audit Committee. He joined Hambros Bank in 1968 and was a director of Hambros plc between 1986 and 1999 and a Managing Director of S G Hambros from 1999 to 2001. He is Vice Chairman of Investment Banking at N M Rothschild Corporate Finance Limited and a non-executive director of J Z Equity Partners plc.

Roger Walsom

Non-Executive Director
Roger was appointed to the Board as an independent non-executive Director in July 2005 and is a member of the Risk and Remuneration Committees. After several years in the financial services industry, he graduated in law from Southampton University and qualified as a solicitor in 1980 with a City law firm. He became a partner at Ashurst, another leading City law firm, in 1988, specialising in the financial services industry. He retired as a partner in April 2005 but continues as a consultant to Ashurst. He is a non-executive director of The Pensions Regulator and a director of Invesco Income Growth Trust plc.