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OakNorth names Lord Adair Turner as new chairman

  • OakNorth appoints Lord Adair Turner as new chairman
  • Plans to leverage Turner’s extensive track record in financial services for board strength and growth
  • Lord Turner previously served on OakNorth’s advisory board, replacing Cyrus Ardalan as chairman
  • Lord Turner’s roles include vice chairman of Merrill Lynch Europe, board director of Standard Chartered, and chair of the Financial Services Authority
  • Contributed significantly to financial regulation post-Lehman Brothers collapse and played a central role in creating new banks
  • First chair of the Committee on Climate Change, strengthening the UK’s 2050 targets
  • Currently chairs the Energy Transitions Commission, Chubb Europe, and is a non-executive director of AESC
  • Rishi Khosla, OakNorth CEO, emphasizes Lord Turner’s expertise for expanding into new products and supporting customer growth ambitions.

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