David Swanney

Biography

Mr David Swanney has been appointed as a second independent non-executive director. He is a chartered accountant and a retired banking regulator, with practical industry experience as Director, Group Compliance and Group MLRO for a major UK banking group. He is the author of the Joint Money Laundering Steering Group's anti-money laundering guidance for the UK financial sector. After moving from the accounting profession, David had a twenty year career at the Bank of England, and latterly the FSA, mostly in banking supervision. His responsibilities included an appointment as Head of Division directly supervising a range of UK banks; having responsibility for the Bank's Enforcement activity against illegal deposit taking; acting as secretary to the Board of Banking Supervision; and running the UK Deposit Protection Board at the time of the BCCI collapse. In late 2000, David joined the Royal Bank of Scotland Group as Director, Group Compliance. Following a reorganisation of this function in late 2002 he took early retirement, since when he has worked with the British Bankers' Association on money laundering prevention issues. He is also a non-executive director, and audit committee chairman, of the UK subsidiaries of a number of overseas banks. Since January 2006 he has also been a public member of the International Audit and Assurance Standards Board.

Research Interest

Business Management , Economics, Accounting , Marketing