Clydesdale Bank has announced the appointment of Deloitte Partner Ian Smith as its new CFO, effective as of October. Smith joins with extensive experience in finance and consulting, after having fulfilled senior roles at Deloitte, Lloyds Banking Group and Coopers & Lybrand. Smith will report to David Thorburn, the bank’s Chief Executive.
Ian Smith joins Clydesdale from Deloitte, where he was the Lead Partner of Financial Services Corporate Finance Practice in the UK. Smith joined Deloitte in 2010, after he held senior finance functions at Lloyds Banking Group, where he worked for two years, and Coopers & Lybrand*, where he worked for seven years. Smith has an Economics degree from Aberdeen University, and is a Chartered Accountant.
The appointment of Smith as the new Chief Financial Officer (CFO) of Clydesdale follows the appointment of Jim Pettigrew as the new Chairman this month. Smith will start his new role in October 2014, and serve on the UK Executive Committee of the bank and report to David Thorburn, the Chief Executive. The former CFO, Scott Butterworth, had decided earlier this year to leave the bank to join NAB Group in Australia.
Commenting on the appointment of Smith, Thorburn says: “Ian brings tremendous expertise and experience gained from over 20 years of broad-based Finance roles in both the financial and manufacturing sectors. I look forward to welcoming him as our new CFO and am confident his skills will be invaluable as we continue to build a better bank for our customers.”
* Coopers & Lybrand merged in 1998 with Price Waterhouse to form PwC.