July 12, 2014 7:40 PM ET

Banks

Company Overview of Virgin Money Group Limited

Company Overview

Virgin Money Group Limited provides a range of retail banking services worldwide. It offers savings accounts, including easy access, fixed term, cash ISA, charity, business, and children’s accounts; residential and buy-to-let mortgages; credit and prepaid cards; travel, home, motor, and pet insurance; and investments comprising stocks and shares ISAs, unit trusts, personal pensions, pension annuities, and financial planning services. The company operates a network of 75 stores and 3 lounges. It distributes its products through online, post and telephone, and corporate partners. The company was formerly known as Virgin Direct and changed its name to Virgin Money Group Limited in January 2002....

Discovery House

Whiting Road

Norwich,  NR4 6EJ

United Kingdom

Founded in 1995

Phone:

44 16 0321 5715

Key Executives for Virgin Money Group Limited

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief Risk Officer
General Counsel and Company Secretary
Compensation as of Fiscal Year 2014.

Virgin Money Group Limited Key Developments

Virgin Money Doesn't Seeks IPO

Virgin Money Group Limited is not seeking an initial public offering (IPO) now. Jayne-Anne Gadhia, Chief Executive Officer of Virgin Money said, “"We have no specific plans for an IPO at the moment. It remains our long term intention to float the business but we haven't appointed bankers yet.”

Virgin Money Reportedly Seeks IPO

Virgin Money Group Limited planned to launch public offering in 2014. It is understood that Richard Branson's banking arm is appointing a former Deutsche Bank executive as part of a move to strengthen its board ahead of a medium-term stock market listing. Richard is targeting a stock market listing of the bank within a couple of years, although a firm date has not yet been decided.

Lee Rochford to Join the Board of Virgin Money Holdings (UK) Limited

Lee Rochford will join the Board of Virgin Money Holdings (UK) Limited. Mr. Rochford brings extensive experience of global financial markets to the team and has over 15 years' experience at Executive level. He joins the Company from Royal Bank of Scotland plc, where he was Head of the Financial Institution Group for Europe, the Middle East and Africa, having previously held senior roles at BNP Paribas, Credit Suisse and Wachovia Securities.

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