Challenger bank appoints executive big hitter as new chair

Patrick Newberry

Cambridge & Counties Bank has promoted Patrick Newberry to chairman following longstanding incumbent Simon Moore’s decision to step down.

Newberry joined the Leicester-based challenger bank as a non-executive director in June 2021, taking responsibility for its audit proposition a few months later.

He previously spent more than 30 years in executive roles at PwC, where he led a number of major transformation programmes, and has worked as freelance consultant for a number of financial and non-financial services organisations.

Newberry is currently chair of the Audit and Risk Committee at Brunel Pensions Partnership, chair of the Cornwall College Group and a commissioner of Historic England.

Moore, meanwhile, has relinquished the chairmanship following 10 years on the board at the specialist lender.

Newberry said: “I’m honoured to be taking on the role of chairman at a time when Cambridge & Counties Bank is continuing to expand its presence across the UK and building on its strong growth momentum. The bank’s tailored approach and deep relationships with clients and brokers allows it to offer a differentiated service and we have seen continued demand across 2022.”

Established in 2012, Cambridge & Counties recently saw its lending top £1bn for the first time.