Stephen is a Chartered Accountant and Corporate Treasurer as well as a Chartered Tax Advisor and was previously a Stock Exchange Member and is Securities Institute qualified.
He qualified as a Chartered Accountant with KPMG. He spent seven years in stockbroking including as Finance and Admin Partner and as Corporate Finance Partner advising clients on fundraising, acquisitions and rights issues.
Stephen has an extensive background in Retail Financial Services over 30 years including Finance Director of Birmingham Midshires Building Society, Head of Retail lending UK Citi and egg, Finance Director Canada Life, Development Director BACS, CEO NPG Life and Pensions, COO Oval Limited and European Finance Director of HBOS Financial Services Limited.
He has extensive experience of fundraising at Birmingham Midshires, raising debt (Eurobonds, bilaterals, syndicated loans and subordinated finance) and in flotation for Canada Life, leading the work on flotation with regulators including helping to agree appropriate hedging and protection for with profit customers.
He also led securitizations for MBS in Birmingham Midshires and CDO issuance of real asset backed securities. He arranged the transfer of mortgage books, completing 15 acquisitions and building rigorous credit models. He successfully completed a number of portfolio Part VII transfers in the insurance sector, ensuring agreement with the appropriate courts of the fair treatment of policyholders.
He has been a consultant on mortgage strategy for Nat West, Barclays, Co-op Bank and GMAC and has held a number of regulated roles including CF1, CF10, CF11, CF28 and CF29. He was previously Non Executive Chair, Western Trust Bank and currently has a portfolio of not for profit roles, including Chair of the Audit Committee of a NHS Hospital Trust and a Housing Association.