BGL Group names new chief executive to start in September

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Mark Bailie will be taking over as CEO of BGL Group (Photo: BGL Group)

The financial services company announced today that its current CEO, Matthew Donaldson, will be stepping down from the board and leaving the business on June 19, after seven years in the role.

Donaldson's successor has been announced as Mark Bailie, who will join BGL on September 1, subject to regulatory approval.

Bailie has spent ten years working at the Royal Bank of Scotland, becoming Chief Operating Officer in 2016 and the founder and CEO of Bó, its digital banking app.

He is currently on secondment as one of the four business unit leads for the NHS Test & Trace service, with this role concluding prior to him joining BGL.

An interim CEO has been appointed until September - Dominic Platt, who is Chief Finance Officer, will lead the business on a day-to-day basis.

Debbie Hewitt MBE, Chairman, said: “After seven successful years as CEO, Matthew will be handing over to a new leader, who will set the priorities for the next phase of development for the business. We thank Matthew for the valuable contribution that he has made to BGL over the years and wish him well for the future.

“I am pleased to welcome Mark to our business. He has an extensive background in developing digital strategies for consumer facing businesses, as well as proven hands-on operational expertise and regulatory credentials, having sat on the FCA Open Finance Advisory Panel. He is thoroughly familiar with regulated and private equity-owned businesses and will bring strong consumer, people and brand-led experience.

“Our business remains robust, in spite of the uncertain external context of the coronavirus and we very much appreciate the hard work of all colleagues to ensure that we continue to focus on our customers and partners during these unprecedented times.”