NS&I ANNOUNCES NEW NON-EXECUTIVE DIRECTOR
04 January 2012
The Commercial Secretary to the Treasury, Lord Sassoon, has appointed James Furse as Non-executive Director on the board of NS&I.
James Furse joined the NS&I board on 1 January 2012 and replaces Sir John de Trafford MBE, who became NS&I’s Chairman on the same date.
James joins NS&I after enjoying a long and distinguished career with the John Lewis Partnership. He joined in 1981 and progressed through a series of roles to become a managing director within the retail operation. He later moved to managing outsourced relationships, including a key contract with HSBC. He subsequently became Director of Card Services reporting directly to the Chairman, and his final role with the John Lewis Partnership was as Managing Director of Greenbee.com, now John Lewis Financial Services. In 2010, James was appointed Executive Director of The Prince’s Social Enterprises Ltd and became a member of a number of related boards, including Duchy Originals Ltd.
Non-executive members of NS&I’s Board ensure a sound strategy is in place to meet the organisation’s remit. They also act as an external source of advice, maintaining risk control and ensuring NS&I’s links with its strategic partner remain open and transparent.
Jane Platt, NS&I's Chief Executive, said: “I am delighted to welcome James to NS&I’s board. He brings a wealth of experience through his work with the John Lewis Partnership where he helped establish John Lewis’ financial services offering.”
Notes to Editors
1. James Furse
James currently holds various board positions at the Land Society, WooBiz Ltd and is the Founder and Managing Director at Jaconet Consulting. James is working as Executive Director of The Prince’s Social Enterprises Ltd, a group of Social Enterprises including Retail, Grocery and Organic Food Production that benefit the Prince of Wales’s Charitable Foundation.
2. The current NS&I board members are:
Sir John de Trafford MBE – Chairman of the board
Jane Platt – Chief Executive
Peter Cornish – Director, Risk and Assurance
Julian Hynd – Director, Business to Business and Change
Gillian McGrattan – Director, Corporate Services
Steve Owen – Director, Operations and Commercial Management
John Prout – Director, Retail Customer
Dharmesh Tailor – Director (acting), Finance and Business Insight
Sam Beckett – Director, Fiscal Policy, HM Treasury
Clare Roberts – Deputy Director and Head of the Debt and Reserves Management Team, HM Treasury
David Hulf – Non-executive Director
Simon Ricketts – Non-executive Director
3. Photographs of James Furse and Jane Platt are available on request.
4. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to over 26 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
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