Meet the team

Board
Executive
Fiona J Clutterbuck - Chairman

Fiona J ClutterbuckChairman

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Fiona was appointed as a non-executive director in 2012 and became Chairman on 10 May 2018. She has many years of financial experience at leading UK and international banks, specialising in financial institutions. During her career, Fiona has held the positions of Managing Director and Head of Financial Institutions Advisory at ABN AMRO Investment Bank, Managing Director and Global Co-Head of Financial Institutions Group at HSBC Investment Bank and was a Director at Hill Samuel Bank Limited.

Fiona is a non-executive director of Hargreaves Lansdown.

Fiona is the Chairman of Paragon’s Nomination Committee and Chairman of the Remuneration Committee and a member of the Risk & Compliance Committee.

Alan K Fletcher - Non-Executive Director

Alan K Fletcher Non-Executive Director

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Alan was appointed as a non-executive director in 2009. He has considerable experience in financial services, including pension fund trusteeship and investment fund management. He was Chairman of Neville James Holdings prior to its acquisition by Challenger International of Australia, following which he was Sales and Marketing Director of Challenger Group Services and a director of Challenger Life (UK) between 2002 and 2003. Alan was Chairman of the professional training company, Fresh Professional Development, between 2003 and 2010 and was a member of the General Synod of the Church of England between 2007 and 2010. Alan was a director of CEPB Mortgages Limited between 2010 and 2017. He has also served as Director and Trustee of Paragon Pension Trustees Limited since 2010.

Alan has been a Trustee of the Church of England Pensions Board since 2009, a member of its Pensions Committee, Chairman of its Investment Committee and a member of its Ethical Investment Advisory Group. He is Chairman of the Diocese of Leicester Investment Committee and a member of the Finance Committee of Leicester Cathedral.

Alan is a member of the Audit, Risk & Compliance, Remuneration and Nomination Committees.

Peter J N Hartill - Non-Executive Director

Peter J N HartillNon-Executive Director

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Peter was appointed as a non-executive director in 2011. He spent forty years with Deloitte, becoming a senior audit partner and a business advisor with experience across a wide range of industries and business issues. Specifically, Peter has considerable experience in acquisitions and disposals, capital raising, risk control and corporate governance in the financial services sector.

Peter is Chairman of Deeley Group Limited and a non-executive director of A&J Mucklow Group PLC and Scott Bader Limited.

Peter is a Chartered Accountant and is the Senior Independent Director. He has been Chairman of the Audit Committee since 2011, meeting the requirement for an appropriately qualified person to fill that role. He is also a member of the Risk & Compliance, Remuneration and Nomination Committees.

Patrick J Newberry - Non-Executive Director

Patrick J NewberryNon-Executive Director

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Patrick was appointed as a non-executive director of Paragon Banking Group PLC in September 2017 having been on the Board of Paragon Bank PLC since March 2014. Patrick Newberry spent 25 years as a consulting and regulatory partner with PricewaterhouseCoopers until his retirement in 2013, concentrating on the Financial Services industry. He was a member of PwC's Supervisory Board, Chair of the Strategy, Governance & International Sub Committee and a member of the Audit & Risk Committee. Patrick was a board member and past president (2010/11) of the Management Consultancies Association Ltd (MCA) and sat on the judging panel for the MCA awards, a benchmark for quality in the consulting industry.

Over the course of his career, Patrick has established close links with the FSA and Bank of England regulatory teams, as well as the Government and he is a frequent public speaker and author on issues affecting the Financial Services industry. Patrick also holds a non-executive directorship of Shepherd and Wedderburn PLC and he is an adviser to Unipart Expert Practices.

He is a member of the Audit, Risk & Compliance, Remuneration and Nomination Committees.

Barbara A Ridpath - Non-Executive Director

Barbara A RidpathNon-Executive Director

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Barbara Ridpath was appointed as a non-executive director in 2017. She has worked in finance for most of her career, in New York, London and Paris at the Federal Reserve Bank of New York, Standard & Poor’s and JPMorgan.

She was instrumental in the development of UK mortgage securitisation in the late 1980s and went on to lead the Standard & Poor’s Ratings Group in Europe, the Middle East and Africa.

She is currently Director of St Paul’s Institute which examines moral and ethical aspects of finance and economics. She is also a non-executive director of ORX, a trade association for operational risk professionals, a member of Council and the Executive Committee at Chatham House, the Royal Institute of International Affairs and a commissioner of the Marshall Aid Commemoration Commission.

She is a member of the Audit and Risk & Compliance Committees.

Hugo R Tudor - Non-Executive Director

Hugo R TudorNon-Executive Director

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Hugo was appointed as a non-executive director in 2014. He spent 26 years in the fund management industry, originally with Schroders and most recently with BlackRock, covering a wide range of UK equities. He is a Chartered Financial Analyst and a Chartered Accountant and brings an investor perspective to the Board.

Hugo is a Director of Damus Capital Limited and Vitec Global Limited.

He is a member of the Audit, Risk & Compliance, Remuneration and Nomination Committees.

Finlay F Williamson - Non-Executive Director

Finlay F WilliamsonNon-Executive Director

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Finlay was appointed as a non-executive director of Paragon Banking Group PLC in September 2017 having been on the Board of Paragon Bank PLC since November 2014. Finlay Williamson was Finance Director of Virgin Money between 2009 and 2014, where he was responsible for supporting the design and delivery of the company’s growth strategy, including the assessment of potential markets, the development of key propositions and the pursuit of non-organic opportunities.

Prior to joining Virgin Money, Finlay had a long career at Royal Bank of Scotland where he held a number of senior finance roles, latterly as Finance Director for the Bank’s Manufacturing and Retail Direct divisions. Finlay is a Chartered Accountant.

He is the Chairman of the Risk & Compliance Committee and a member of the Audit Committee.

Graeme H Yorston - Non-Executive Director

Graeme H YorstonNon-Executive Director

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Graeme was appointed a non-executive director in September 2017. Prior to this he was Group Chief Executive of Principality Building Society, the 6th largest mutual in the UK. He has over 43 years’ experience in financial services having carried out a number of senior roles in Abbey National, including IT Director for the Retail Bank, Regional Director and running a number of significant change programmes. He also led the call centre operations.

Graeme serves on the Board of Governors at Cardiff Metropolitan University. He has served on the CBI Council for Wales, the Board of Business in the Community in Wales and was HRH Ambassador for BITC in Wales for two years. He was awarded Director of the Year in Wales by the Institute of Directors in 2016.

Graeme is a Fellow of The Chartered Institute of Banking, holds an MBA from Warwick Business School and was awarded an Honorary Doctorate in Business Administration from Cardiff Metropolitan University in 2017.

He is a member of the Audit and Risk & Compliance Committees.

Nigel S Terrington - Chief Executive

Nigel S Terrington Chief Executive

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Nigel is Chief Executive of Paragon Banking Group. Nigel’s early career began in investment banking, which included working for UBS. He joined Paragon in 1987 as Treasurer, before being appointed as Finance Director in 1992 and then Chief Executive in 1995. He has been Chairman of the Council of Mortgage Lenders ('CML'), Chairman of the Intermediary Mortgage Lenders Association (‘IMLA’), Chairman of the Finance and Leasing Association ('FLA') Consumer Finance Division, a member of the Mortgage Board of UK Finance (previously ‘CML’) and a Board member of the FLA. Nigel is an associate of the Chartered Institute of Bankers.

Nigel is currently a member of HM Treasury’s Home Finance Forum, the Bank of England’s Residential Property Forum.

In 2017, he received an Honorary Doctorate from Birmingham City University for services to the finance industry.

Richard J Woodman - Chief Financial Officer

Richard J Woodman Chief Financial Officer

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Richard was appointed to the Board as Director of Corporate Development in 2012 and became the Chief Financial Officer in June 2014. He joined Paragon in 1989 and has held various senior strategic and financial roles, including Director of Business Analysis and Planning and Managing Director of Idem Capital. Richard has taken a lead role in Paragon’s strategic development and, in particular, in the loan portfolio acquisition programme through Idem Capital. He is a member of the Chartered Institute of Management Accountants.

John Heron - Managing Director - Mortgages

John A Heron Managing Director - Mortgages

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John was appointed to the Board in 2003. He joined Paragon in 1986 following a number of years in the building society industry, and he is the Group’s longest serving employee. John has been instrumental in the development of Paragon’s buy-to-let mortgage lending programme.

John is Managing Director of Mortgages and is responsible for all aspects of the Bank’s mortgage business which includes the origination and management of buy-to-let and residential first and second charge mortgages.

John has been Chairman of the Buy-to-let Panel of UK Finance (previously ‘CML’) and a member of the Intermediary Mortgage Lender’s Association (‘IMLA’) Board having previously served as Chairman of IMLA and Deputy Chairman of the Council of Mortgage Lenders. He is a member of the UK Finance Product Board.

John is a fellow of the Chartered Institute of Bankers.

Nigel S Terrington - Chief Executive

Nigel Terrington Chief Executive

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Nigel is Chief Executive of Paragon Banking Group. Nigel’s early career began in investment banking, which included working for UBS. He joined Paragon in 1987 as Treasurer, before being appointed as Finance Director in 1992 and then Chief Executive in 1995. He has been Chairman of the Council of Mortgage Lenders ('CML'), Chairman of the Intermediary Mortgage Lenders Association (‘IMLA’), Chairman of the Finance and Leasing Association ('FLA') Consumer Finance Division and a Board member of the FLA. Nigel is an associate of the Chartered Institute of Bankers.

Nigel is currently a member of HM Treasury’s Home Finance Forum, the Bank of England’s Residential Property Forum and the Mortgage Board of UK Finance (previously CML).

In 2017, he received an Honorary Doctorate from Birmingham City University for services to the finance industry.

Nigel is a member of the Nomination Committee.

Richard J Woodman - Chief Financial Officer

Richard Woodman Chief Financial Officer

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Richard was appointed to the Board as Director of Corporate Development in 2012 and became the Chief Financial Officer in June 2014. He joined Paragon in 1989 and has held various senior strategic and financial roles, including Director of Business Analysis and Planning and Managing Director of Idem Capital. Richard has taken a lead role in Paragon’s strategic development and, in particular, in the loan portfolio acquisition programme through Idem Capital. He is a member of the Chartered Institute of Management Accountants.

John Heron - Managing Director - Mortgages

John Heron Managing Director - Mortgages

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John was appointed to the Board in 2003. He joined Paragon in 1986 following a number of years in the building society industry, and he is the Group’s longest serving employee. John has been instrumental in the development of Paragon’s buy-to-let mortgage lending programme.

John is Managing Director of Mortgages and is responsible for all aspects of the Bank’s mortgage business which includes the origination and management of buy-to-let and residential first and second charge mortgages.

He is a fellow of the Chartered Institute of Bankers, Chairman of the CML buy-to-let panel and a member of the Intermediary Mortgage Lender’s Association (IMLA) Board having previously served as Chairman of IMLA and Deputy Chairman of the Council of Mortgage Lenders.

Richard Doe - Managing Director - Commercial Lending

Richard Doe Managing Director - Commercial Lending

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Richard is Managing Director of Commercial Finance. He joined the Group in 2014 and has been instrumental in the growth of Paragon Bank. He is responsible for Savings, Asset Finance, Development Finance, Structured Lending and Motor Finance.

Until 2013, Richard was CEO of ING Direct UK, having previously been Marketing & Strategy Director. Prior to working at ING, Richard held a number of senior marketing positions in the financial services industry, including at The Woolwich and Legal & General. Richard is a Chartered Banker.

Dave Newcombe - Managing Director - Idem Capital

Dave Newcombe Managing Director - Idem Capital

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Dave was appointed as Managing Director of Idem Capital in 2014 and is responsible for the Group’s investment in consumer debt acquisition and the relationship with our co-investors. He joined the Group in 1988 as a Collections Officer and then worked across the business in various other roles before taking the role of Director of Consumer Operations in 2008, building and shaping the operation to support the regulatory demands and the demands of the Group’s Idem business.

Michael Helsby - Strategic Development Director

Michael Helsby Strategic Development Director

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Michael joined Paragon in August 2018 as Strategic Development Director to help shape and reinforce the strategic change already underway, while supporting his fellow Executives in the development of key functions and product lines.

Previously he was Co-Head of European Bank Equity Research at Bank of America Merrill Lynch. Specialising in UK bank research since 2001, he has a detailed understanding of operational, regulatory, competitive and technological forces shaping the UK banking sector and globally.

Prior to Michael’s career in the banking sector he trained as a Chartered Accountant.

Pam Rowland - Chief Operating Officer

Pam Rowland Chief Operating Officer

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Pam joined the Group in 2014 as Chief Operating Officer with three key areas of responsibility: delivering high quality operational and technology services, implementing strategy and driving change and transformation. Prior to joining the Group, Pam worked in a variety of financial services executive level roles. These included Managing Director of Change Delivery at Barclays Retail Bank and prior to that Chief Operating Officer at ING Direct. Pam is a Chartered Banker.

Peter Shorthouse - Treasury and Structured Finance Director

Peter Shorthouse Treasury and Structured Finance Director

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Peter joined Paragon in 2010 as the Treasury and Structured Finance Director. His responsibilities include the development and implementation the Group’s funding and securitisation strategy and management of its cash and liquidity requirements. Prior to joining Paragon, Peter was with UBS for 16 years, where he was a Managing Director and Head of Securitisation. Peter has an MBA from London Business School and a BEng degree in Mechanical Engineering.

Malcolm Hayes - Chief Risk Officer

Malcolm Hayes Chief Risk Officer

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Malcolm joined Paragon Bank in January 2014 as Chief Risk Officer before moving to become Group Chief Risk Officer in June 2015. He began his career in retail banking in 1979 with NatWest before moving to TSB in 1988 to join the bank’s head office credit sanctioning function. Joining TSB led to a 26 year career in Lloyds Banking Group's Commercial Banking division where he held senior risk positions including Head of Credit Audit, Head of Compliance, Control Function Director, and Operational Risk and Compliance Director.

Anne Barnett - People Director

Anne Barnett People Director

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Anne is the Group’s People Director responsible for managing the people strategy including: resourcing and organisational design, pay and benefits, reward, learning and management development, succession planning, performance management and employee engagement. Anne previously worked at HBOS and Allianz. Anne is Chartered MCIPD qualified.

Deborah Bateman - External Relations Director

Deborah Bateman External Relations Director

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Deborah is the Group’s External Relations Director responsible for leading the Group’s external and internal communication strategies. This comprises the Group’s marketing and communications programmes, including: public relations, investor relations, internal communications and public affairs. Deborah joined the Group in 1991.


Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551