User:AndrewRT/Mark Parsons (banker) (2)
Mark Alistair Parsons (b. October 1961) is a British banker, who has been the Chief Executive of the Coventry Building Society,[1] the tenth largest mortgage lender in the UK, since July 2014.
Parsons grew up in Newcastle upon Tyne, attending the Royal Grammar School.[2] He studied Economics at Sheffield University and after graduation worked at Abbey Life.[2][3] He moved to Abbey National Building Society in 1986 where he was promoted to a branch network director, Retail Finance Director, Personnel Director, Regional Director and then Head of Investor Relations.[3][4] While at Abbey National he qualified with the Chartered Institute of Management Accountants where he has since become a fellow.[2][5][6]
Mark Parsons moved to PricewaterhouseCoopers in April 2004 to join their consulting practice.[4] However, 18 months later Parsons was persuaded back into retail banking, joining Barclays Bank in September 2005 to turn around its mortgage business.[5][1] He successfully turned it into a growing business,[2] and during this time served for a year as Deputy Chairman of the Council of Mortgage Lenders.[4][7] In December 2010, he was promoted to Deputy Chief Executive of Barclays UK Retail & Business Banking and then Chief Financial Officer in 2013.[1]
Between 2005 and 2010 he was a partner in Ingenious Film Partners, which was accused by the UK Tax authorities as being a tax avoidance scheme.[8][9][10] Parsons was one of over 70 members who invested an average of over £5m each in the vehicle.[11]
In July 2014 he left Barclays when he was appointed as Chief Executive of Coventry Building Society.[1]
Since 2011 Parsons has been a governor of the Royal Latin School, an Academy School (previously a Grammar School) founded in 1423 in Buckinghamshire.[12][13] Since 2012 he has also served as a Non-executive Director of the Motability Operations Group plc where he was a member of the Audit and Remuneration Committees.[14] Motability Operations works with the Motability charity to operate a financing scheme for disabled people who receive government support for accessible travel needs. Although Motability Operations is owned by the four largest UK banks as a private company, it is set up so that all profits are retained for the benefit of scheme members.[15]
References edit
- ^ a b c d "Coventry Building Society recruits Barclays finance chief for top job". Birmingham Post. 8 May 2014.
- ^ a b c d "Profile: Mark Parsons of Barclays' retail arm". Financial Times. 3 February 2011.
- ^ a b "Barclays chief takes on Coventry top job". Coventry Telegraph. 9 May 2014.
- ^ a b c "COVENTRY BUILDING SOCIETY APPOINTS NEW CHIEF EXECUTIVE OFFICER". London Stock Exchange. 7 May 2014.
- ^ a b "New Mortgage Head Joins Barclays". Barclays. 12 September 2005.
- ^ "UK Board Election - Member Representative" (PDF).
- ^ "CML announces new chairman and deputies". Council of Mortgage Lenders. 31 January 2008.
- ^ "Ingenious court case: what lies ahead". Screen Daily. 3 November 2014.
- ^ "Furious investors admit defeat in £5bn tax fight: Celebrities set to settle bills as deadline over discounts looms". This is Money (Daily Mail). 12 July 2014.
- ^ "Mark Parsons". Retrieved 11 December 2014.
- ^ "Taxmen challenge film fund partners". Financial Times. 21 September 2012.
- ^ "Royal Latin School". Governing Body. Retrieved 11 December 2014.
- ^ "Open Corporates".
- ^ "Executive Profile - Mark Parsons". Bloomberg. Retrieved 11 December 2014.
- ^ "Motability Operations Group" (PDF). 2014 Interim Accounts. Retrieved 11 December 2014.
References edit
Category:People educated at the Royal Grammar School, Newcastle Category:Alumni of the University of Sheffield Category:Barclays people