PRA board gains two big players

The Bank of England has recruited two financial services heavyweights to the board of the Prudential Regulation Authority.

Former Clydesdale & Yorkshire Banks chief executive David Thorburn and outgoing Scottish Widows deputy chairman Norval Bryson will join the board from 1 September.

Thorburn was previously chairman of CBI Scotland and president of the Chartered Institute of Bankers in Scotland.

Bryson spent 27 years at Scottish Provident, including roles as deputy group managing director and group finance director.

Also joining the board on 1 September is PRA deputy head Paul Fisher.