< p>Following the Bank’s confirmation to proceed with an Initial Public Offering (IPO), OneSavings Bank has reinforced its board with two significant appointments.

The specialist lending and retail savings group has employed two new independent Non-Executive Directors.
 
Mary McNamara and Graham Allatt, both of whom have extensive experience in the financial services industry, have joined the board of OSB with immediate effect.

Mike Fairey, Non-Executive Chairman of OSB, said the firm is delighted to welcome the new recruits. He said: "These appointments will help ensure that we have the best possible corporate governance arrangements and board composition in place before we list on the LSE."
 
Ms McNamara was formerly the CEO of the Commercial Division and Board Director of the Banking Division at Close Brothers Group PLC. She previously spent 17 years at GE Capital, running a number of businesses including GE Fleet Services Europe and GE Equipment Finance.
 
Mr Allatt has held senior positions at Lloyds TSB, Abbey National and NatWest Group, as part of a distinguished career as a senior commercial and retail banker, with extensive experience in credit and risk management.
 
This takes the OSB board up to 10 members. The two recent appointments follow the retirements from the board of Sir Callum McCarthy and David Mills, both of whom were instrumental in the development of the business.