Equiniti Group appoints Paul Lynam as Chief Executive
Equiniti Group PLC (LON:EQN) today announces the appointment of Paul Lynam as Chief Executive. The appointment is effective April 1, 2021.
Mr Lynam will be succeeding Guy Wakeley who has been in the role since 2014. Paul Lynam is an experienced business leader focused on customer satisfaction and staff engagement as key levers of business success. He has been Chief Executive of Secure Trust Bank (STB) since 2010 and has been responsible for delivering significant shareholder value both organically and through targeted M&A since its listing in 2011.
Paul Lynam joined Secure Trust Bank plc as CEO in September 2010, having spent 22 years working for NatWest and RBS. Prior to leaving RBS, he was the Managing Director, Banking, for RBS/NatWest’s SME banking business across the UK. Before that, Mr Lynam spent four years as the Managing Director of Lombard North Central PLC, the UK’s leading provider of asset finance.
Mr Lynam is a Fellow of the IFS School of Finance and an Associate of the Chartered Institute of Bankers and the Association of Corporate Treasurers. He is also a member of the faculty of the School for CEOs.
Guy Wakeley will step down as Chief Executive and as a Director with immediate effect by mutual agreement. Cheryl Millington, currently an independent non-executive Director at EQ, has assumed the role of interim Chief Executive until Paul Lynam joins in April 2021. She has been on the Board since 2018 and has deep technology and leadership experience.
Philip Yea, Chairman, said:
“I am very pleased that Paul has agreed to join EQ as Chief Executive. Prior to STB Paul led a range of diverse businesses including Lombard asset finance and the SME banking business of NatWest in the UK. He was one of the founding directors of UK Finance, the recognised trade body for the UK Financial Services industry. We are delighted to have attracted someone of Paul’s experience to lead the Group.”
Paul Lynam, incoming Chief Executive, said:
“I am delighted to be joining EQ as its next CEO. The Group has a good reputation with strong customer loyalty and significant presence in its chosen markets. I can see clear potential for the Group and am particularly looking forward to leading a committed team as we look to take advantage of the opportunities ahead.”