Virgin Money UK has appointed Clifford Abrahams as executive director and group chief financial officer (CFO).
He will join the Glasgow-based banking group in March 2021, subject to regulatory approval, succeeding Enda Johnson, who is currently interim group CFO.
Abrahams has been group CFO at ABN AMRO Bank since 2017, prior to which he was group CFO at the Dutch insurer Delta Lloyd, held several senior finance roles at Aviva during a 10-year tenure and spent the early part of his career in investment banking at Morgan Stanley.
Virgin Money group chairman David Bennett said: “We are very pleased to appoint Clifford to the board as our new CFO, following an extensive search process.”
Chief executive David Duffy stated: “Clifford has a proven track record as a CFO of publicly listed financial services companies and will be a strong addition to our leadership team.
Abrahams added: “I am delighted to have been appointed as CFO of Virgin Money UK – it is an exciting company with strong foundations and unique opportunities to disrupt the UK banking industry, and I very much look forward to getting started next year.”
Clydesdale Yorkshire Bank Group completed its £1.7bn acquisition of Virgin Money two years ago, rebranding under its name. The merged banking group then embarked on restructuring plans which involved cutting around 1,500 jobs.