Global information and insights provider TransUnion has appointed two non-executive directors (NEDs) to its UK board, demonstrating its commitment to strong corporate governance as the business pursues its growth agenda.
In their new roles, Margot Cronin, who will act as chair, and Jonathan Baum will promote the long-term sustainable success of the company, providing constructive challenge, strategic guidance and specialist advice to the UK board and management executives.
Margot is a winner of the prestigious Institute of Directors award for ‘Chartered director of the year’ and has worked in financial services executive roles across her career, most recently at HSBC Life, Tesco Underwriting and Prudential International.
As a former senior insurance executive, Margot has leadership experience across multiple board memberships and spent significant time with market leader Aviva in the UK, US and Hong Kong. As an independent non-executive director and newly appointed chair of TransUnion’s UK board, Margot’s role is subject to approval by the Financial Conduct Authority (FCA).
“At a time of financial hardship for many households in the UK, this a pivotal moment to be joining TransUnion as it aims to support both businesses and consumers through an unprecedented challenge, providing data and insights that are fundamental across so many sectors, ranging from fraud and ID checks to credit referencing,” commented Margot. “I look forward to working alongside the wider UK leadership to help TransUnion harness the full extent of its global capabilities to support the UK market.”
In addition, TransUnion has appointed Jonathan Baum, former chief credit officer at Lloyds Banking Group, as a non-executive director. Jonathan has extensive financial services experience, having also held senior risk and credit roles at Barclays and GE Capital during his career. He brings with him significant experience in retail and business lending, and a proven track record in bank acquisitions and mergers.
Jonathan said: “I have been impressed with TransUnion’s commitment to growth here in the UK, through continued investment in its products and services, which enable trust between businesses and their customers. I am very much looking forward to supporting the business as it strives to meet and exceed its ambitions.”
Commenting on the appointments, Satrajit “Satty” Saha, CEO of TransUnion in the UK, said: “We’re really pleased to be bringing two such well-respected and experienced non-executive directors to our UK board, which is a critical part of our corporate governance structure. COVID-19 has presented many challenges for businesses, and in light of the third national lockdown there is still a difficult road ahead for the nation, but as the economy starts to recover, we want to be in a position to strengthen our business and deliver on our plans for long-term and sustained growth, using the valuable lessons learned to support our clients, and their customers.”