Shephard to replace Kennerley at Yorkshire Bank

CLYDESDALE & Yorkshire Bank has announced that Paul Shephard will be the new head of its corporate and structured finance division.

Mr Shephard, who is currently regional director for the North West and Midlands, will replace Richard Kennerley.

He joined Yorkshire Bank in 1992 as a graduate trainee. He spent four years in Newcastle where he helped to open the business unit before moving to the North West as a business manager. In 2005 he was made managing partner of the bank’s Manchester office and was appointed to his current role a year later.

Since then he has overseen investment of more than £800m in the North West and the Midlands.

Mike Williams, executive general manager of iFS with Clydesdale & Yorkshire Bank, said: “Paul has been instrumental in developing the Corporate & Structured Finance business in the North West and the Midlands and has worked closely with his predecessor Richard Kennerley to make us a key player in the deals market. He is ideally placed to lead the business forward.”

Mr Kennerley is moving to Brisbane to become state general manager for Queensland for the bank’s parent company National Australia Bank.