OSB Group PLC Welcomes New Senior Independent Director
OSB Group PLC Announces New Leadership Appointment
OSB GROUP PLC
LEI: 213800ZBKL9BHSL2K459
OSB GROUP PLC has made a significant update regarding changes in its leadership team. This marks a pivotal moment for the company as it continues to enhance its strategic direction and operational excellence.
New Senior Independent Director Appointment
Following the earlier announcement regarding transitions within the board, Gareth Hoskin has been appointed as the new Senior Independent Director (SID) effective from October 1, 2025. Gareth, who has served as a Non-Executive Director since April 1, 2025, is set to bring valuable insights and governance experience to the position.
Gareth takes over the role from Noel Harwerth, who has been instrumental in guiding OSB Group's strategic initiatives. Although Noel will be stepping down from his role as SID, he will continue to contribute as a Non-Executive Director and will not seek re-election at the upcoming Annual General Meeting.
Communication and Investor Relations
Jason Elphick, the Group General Counsel and Company Secretary, is the individual responsible for facilitating this announcement on behalf of OSB Group. For any investor-related inquiries, stakeholders are encouraged to reach out directly to the team led by Alexander Holcroft, the Group Head of Investor Relations, via phone at 01634 838 973.
About OSB Group PLC
OSB Group PLC has been a key player in the banking sector since it began trading as a bank on February 1, 2011. It is publicly listed on the London Stock Exchange and became part of the FTSE 250 index in June 2015. The company has witnessed remarkable growth over the years, including the prominent acquisition of Charter Court Financial Services Group plc (CCFS) in October 2019, which expanded its portfolio of specialist lending services.
Segments and Focus Areas
OSB Group operates primarily through two segments: OneSavings Bank and Charter Court Financial Services. OneSavings Bank focuses on high-potential market sub-sectors that promise attractive risk-adjusted returns. These areas include the private rented sector, Buy-to-Let schemes, and various specialized lending options. OSB has established a robust framework for generating mortgages organically, leveraging its strong relationships with specialist brokers and independent financial advisers.
The company's retail savings strategy is historically anchored by the Kent Reliance brand, known for its reliability and customer-centric approach. This brand is complemented by modern funding strategies, including securitisation and collaboration with the Bank of England’s Term Funding Scheme.
Charter Court Financial Services Group
CCFS complements the offerings of OneSavings Bank by providing a diverse range of Buy-to-Let and specialized residential mortgage products. The success of CCFS is attributed to its rigorous risk management practices and progressive technology that streamline processes. This innovative approach ensures efficient product development while maintaining high standards in credit and collateral risk.
CCFS predominantly relies on charity savings and retail deposits for funding, which reinforces its commitment to customer engagement and trust.
Frequently Asked Questions
What recent changes were announced for OSB Group PLC?
OSB Group PLC announced the appointment of Gareth Hoskin as the Senior Independent Director, succeeding Noel Harwerth.
When will the new SID take office?
Gareth Hoskin will officially take over as the Senior Independent Director on October 1, 2025.
What are some key sectors OSB Group focuses on?
OSB Group primarily focuses on high-growth sectors including Buy-to-Let, commercial mortgages, and specialist residential lending.
Who is responsible for investor relations at OSB Group?
Alexander Holcroft heads up the investor relations team at OSB Group, available at 01634 838 973 for inquiries.
What is the history of OSB Group?
Founded in 2011, OSB Group has grown to become an influential banking entity, joining the FTSE 250 and expanding through strategic acquisitions.
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