David Thorburn (banker)

David Thorburn is a Scottish-born banker who is the chair of the board at the Coventry Building Society. His earlier roles in British banking include the position of chief executive at Clydesdale Bank and Yorkshire Bank, subsidiaries of the National Australia Bank.

Education

David J. Thorburn was born in Glasgow in 1958, raised in Hamilton, South Lanarkshire and educated at Hamilton Academy, from which he entered the University of Glasgow, graduating in Law. In 1999 he completed an advanced management programme at Harvard Business School, United States. [1]

Career
Headquarters of the Clydesdale Bank, Glasgow

Joining the Clydesdale Bank as a trainee graduate in 1978 and moving to the Trustee Savings Bank, Scotland, in 1984, Thorburn returned to the Clydesdale in 1993 as a senior manager.

In April 2002 he joined the executive team at Clydesdale Bank. In 2005, Yorkshire Bank was merged into Clydesdale. Thorburn was appointed as chief executive in 2011,[2] and for a time his signature appeared on Clydesdale banknotes.[1][3][4] He stepped down from these posts in January 2015, at a time when the parent National Australia Bank was considering options for exiting the UK.[2]

From July 2015 to March 2018, Thorburn was an independent member of the Bank of England’s Prudential Regulation Committee,[5] stepping down a few months before the end of his three-year term to take up a non-executive directorship at the retail division of Barclays Bank, where he chaired the risk committee.[6] From May 2016, he also sat on the global governance council at the multinational accounting firm Ernst & Young.[7]

He was appointed as chair of the board at Coventry Building Society, the UK's second largest building society,[8] in April 2022.[9]

Other appointments

David Thorburn is a former vice-Chairman and Chairman of the Confederation of British Industry in Scotland and a past President of the Chartered Institute of Bankers in Scotland. He is also a former Director of Scottish Financial Enterprise and in May 2009 was invited by the First Minister of Scotland to head the team to develop a new Skills Gateway for the financial services industry in Scotland. [10][11][12]

References
  1. Williamson, Mark (27 November 2004). "Saturday interview: David Thorburn". HeraldScotland. Retrieved 28 September 2022.
  2. Reid, Scott (6 January 2015). "Thorburn stands down as Clydesdale Bank boss". The Scotsman. Retrieved 28 September 2022.
  3. "The Clydesdale Bank". TheBankNoteStore.com. Archived from the original on 28 November 2010 – via Internet Archive.
  4. "Executive profile: David Thorburn". Clydesdale Bank. Archived from the original on 20 November 2010 – via Internet Archive.
  5. "David Thorburn resigns from the Prudential Regulation Committee". Bank of England. 9 March 2018. Retrieved 28 September 2022.
  6. Murden, Terry (17 March 2018). "Thorburn to head up new Barclays division". Daily Business. Retrieved 28 September 2022.
  7. McCulloch, Scott (4 May 2016). "Former Clydesdale Bank chief David Thorburn joins EY". businessInsider. Retrieved 28 September 2022.
  8. "Coventry Building Society outperforms the market to remain one of the UK's largest lenders". Business & Innovation Magazine. 28 February 2022. Retrieved 28 September 2022.
  9. "Coventry Building Society appoints chair designate". Business & Innovation Magazine. 7 February 2022. Retrieved 28 September 2022.
  10. CBI Scotland – News Release – Chairman and vice-Chairman Archived 20 July 2011 at the Wayback Machine Retrieved 12 November 2010
  11. The Scotsman article 1 July 2006, David Thorburn Retrieved 12 November 2010
  12. Scottish Government. News, May 2009 - Financial Skills Gateway Retrieved 12 November 2010
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