Biographies

R A Sandler CBE

Ron Sandler, CBE, was appointed as Non-Executive Chairman in October 2008 having previously joined the Board in February 2008. He has over two decades of experience in the financial services industry. He was Chief Executive of Lloyd's of London from 1995 to 1999. In 1999 he became Chief Operating Officer of NatWest Group up to its takeover by Royal Bank of Scotland. Since then he has chaired a number of companies; additionally in 2002 he led a Government-sponsored review of the UK Long Term Savings Industry. He is a recent past-president of the Chartered Institute of Bankers. Mr Sandler has an MA from Queens' College, Cambridge and an MBA from Stanford University. He is the Chairman of the Nominations Committee and a Member of the Remuneration Committee.

L P Adams

Laurie Adams was appointed to the Board as a Non-Executive Director in November 2007. Mr Adams has been a Director of Siblu Holdings Limited (formerly Haven Europe Ltd) since 2004. From 2000 to 2004 he was a Managing Director and Global Head of Legal & Compliance, Investment Banking Wholesale Division at ABN AMRO Bank. From 1991 to 2000, he was a Managing Director at Citigroup and European Head of Legal, Compliance and the Company Secretarial Team for wholesale investment banking, London. Mr Adams obtained an MA in Law from Jesus College Oxford and trained as a solicitor with Allen & Overy. He is also a CEDR accredited mediator. Mr Adams is the Chairman of the Risk Committee and a Member of the Remuneration Committee.

M K Atkinson

Kent Atkinson was appointed to the Board as a Non-Executive Director in August 2008. Mr Atkinson was previously Group Finance Director of Lloyds TSB, a position he held for eight years until his retirement as an executive. He remained on the Lloyds TSB Board for a further year as a Non-Executive Director. Mr Atkinson is the Senior Independent Director of Coca-Cola HBC. He is a Non-Executive Director of Standard Life plc, Deputy Chairman of Standard Life's Life and Pensions Board, and a member of Standard Life's Investment Committee. Mr Atkinson is also a Non-Executive Director of Gemalto NV and is a Non-Executive Director of Millicom International Cellular SA. Until April 2005 he was the Senior Independent Director of Cookson Group plc, and until November 2007 he was the Senior Independent Director of Telent plc (previously Marconi Corporation plc). Mr Atkinson is a Member of the Audit and Risk Committees.

J R Coates

Richard Coates was appointed to the Board as a Non-Executive Director in August 2008. Mr Coates is Managing Director of Baseline Capital Limited, a specialist mortgage data analysis and modelling organisation, which he founded in 2003. For the previous 30 years he was at KPMG UK, rising through various appointments to become Senior Partner, UK Head of Financial Services based in London and Leeds. Since May 2007 he has also been an independent Non-Executive Director for Police Mutual Assurance Society Limited. Mr Coates is a Member of the Audit and Risk Committees.

J F Devaney

John Devaney was appointed to the Board as a Non-Executive Director in November 2007. Mr Devaney has been Chairman of National Air Traffic Control Services since 2005 and was also Chairman of Telent plc (previously Marconi Corporation plc). He steered Telent through its re-listing in January 2003, the UK's largest ever recapitalisation. He is also Founder and Chairman of BizzEnergy, the UK's largest independent energy retailer and Tersus Energy plc, a renewables energy company listed on AIM. He was formerly Chairman of Exel plc, MD, Chief Executive then Chairman of Eastern Electricity and President of Perkins Engines. Mr Devaney is Chairman of Remuneration Committee and a Member of Audit and Risk Committees.

A F Godbehere

Ann Godbehere, Chief Financial Officer, was appointed to the Board in February 2008. She has extensive experience of the financial services sector having moved to London as Chief Financial Officer of Swiss Re Life & Health Division in 1998 and joined the Property & Casualty Business Group, based out of Zurich, as Chief Financial Officer on its establishment in 2001. In 2003 she was appointed Chief Financial officer of the Swiss Re Group. Ms Godbehere has also been an independent Non-Executive Director of Prudential since August 2007.

G A Hoffman

Gary Hoffman, Chief Executive Officer, was appointed to the Board in October 2008. Previously Group Vice-Chairman and Executive Director of Barclays plc, he joined Barclays in 1982 as a graduate in economics from Cambridge University. He is a director of Visa Europe and Trinity Mirror plc and is a Trustee of the Charities Aid Foundation. Gary is also Vice-Chairman of Coventry City Football Club. In July 2008, he received an Honorary Doctorate from the University of Northampton, having been made a Visiting Professor of Business Leadership in 2007.

S T Laffin

Simon Laffin was appointed to the Board as a Non-Executive Director in November 2007. Mr Laffin is an industrial adviser to CVC Capital Partners specialising in retail and consumer services. He started working with CVC Capital Partners in December 2004. Prior to this he was CFO and Property Director of Safeway plc for 10 years. Mr Laffin holds an MA in Economics, Social & Political Sciences from Cambridge University and is a qualified accountant. He is also a Non-Executive Director of Quintain Estates and Property plc. Mr Laffin is the Chairman of the Audit Committee and a Member of the Risk Committee.

P J Remnant

Philip Remnant was appointed to the Board as a Non-Executive Director in February 2008. He is Chairman of the Shareholder Executive, which was formed in 2003 to improve fundamentally the Government's performance as a shareholder in government-owned businesses, and is a Senior Adviser of Credit Suisse's investment banking division in Europe. Previously, he was a Vice Chairman of Credit Suisse First Boston in Europe and was Director General of the Takeover Panel for two years between 2001 and 2003. He formerly held senior investment banking positions with BZW and Kleinwort Benson. He is a qualified chartered accountant and has an MA in Law from New College, Oxford. Philip Remnant is a Member of the Nominations and Audit Committees.

T W Scholar

Tom Scholar was appointed to the Board in February 2008 as a Non-Executive Director. He was appointed Managing Director (International & Finance) at HM Treasury in January 2008. Prior to that, he was Chief of Staff and Principal Private Secretary to the Prime Minister. From 2001 to 2007 he was Executive Director of the International Monetary Fund and the World Bank, and Minister (Economic) at the British Embassy in Washington, DC. From 1997 to 2001 he was Principal Private Secretary to the Chancellor of the Exchequer. From 1995 to 1997 he worked in the Treasury's financial services directorate, where he was responsible for banking supervision. Mr Scholar is a Member of the Risk and Audit Committees.