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Rob Clifford joins Virgin Money

Rob Clifford has been appointed managing director of Virgin Money UK.

Prior to joining Virgin Money, Clifford was chief executive at Mortgageforce and has over 20 years experience in financial services.

He will join the firm on January 6 2009 and will report into Jayne-Anne Gadhia who will now drive the worldwide financial services strategy forward. Virgin Money has a presence in the UK, Australia, South Africa and USA.

Clifford will be responsible for business growth across credit card, protection and investments, as well as developing a new mortgage proposition for the business.

Jayne-Anne Gadhia, executive chairman of Virgin Money worldwide, says: ‘I am delighted that Clifford has agreed to join us.

“He has focused on value creation throughout his career and will bring his vast experience of the UK financial services market to make a major contribution in shaping and growing the Virgin Money business in the UK.’

Clifford says: “About 10 years ago I met Jayne-Anne Gadhia and became a fan of Virgin Money. We always believed that we’d eventually create the right opportunity to work together and now is that time.”

“Having made massive emotional and physical investment in building businesses which became trusted and admired, there was no way I could miss an opportunity to become a custodian of one of the most powerful brands around.

“Virgin is all about being passionate, challenging and innovative and I’m certainly up for the challenge.”


India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


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