Former Clydesdale Bank CEO Thorburn takes EY NED post

EY has appointed former Clydesdale Bank chief executive David Thorburn as a non-executive director.

Currently on the board of the Prudential Regulation Authority (PRA), Thorburn has also several high-profile roles, including chairman of the CBI in Scotland, president of the Chartered Institute of Bankers in Scotland, and a member of the board of the British Bankers Association.

In his role on the PRA board, Thorburn works on issues affecting the safety and soundness of PRA-regulated banks and insurers and issues concerning policyholder protection alongside the governor of the Bank of England and the bank’s deputy governors for financial stability, prudential regulation, markets and banking, as well as the chief executive of the FCA who also sit on the PRA board.

EY’s UK chairman Steve Varley said: “David will sit on the global governance council, our top governance body, and will also have UK specific responsibilities as required by our main UK regulator, the FRC. He brings a wealth of experience and his appointment will challenge us appropriately to ensure our overall governance is of the highest standard. David will contribute to the way we run our business and help strengthen stakeholder dialogue and confidence.”

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