LHV UK appoints Sally Veitch to its Board of Directors

By Joy Dumasia

LHV UK Limited, a services provider to over 200 FinTech and crypto companies, announced that Sally Veitch had been appointed to its Board of Directors as an Independent Non-Executive Director (‘NED’) from 1 July 2022. Sally will Chair the Audit Committee and sit on the Risk Committee and the Remuneration Committee.

Sally is a seasoned Board Director and currently chairs the Audit Committee of Tipton & Coseley Building Society and acts as an advisor to the Board of Perenna, a start-up bank offering 30-year fixed-rate mortgages. In recent years she has chaired Audit Committees for Market Harborough Building Society, Amicus Finances and Redwood Bank. 

Madis Toomsalu, Chairman of the Board of LHV UK, commented: “We are delighted to appoint Sally to the Board. She is a seasoned Chair of Audit and brings a wealth of regulatory, pre-licencing and regulatory review experience. Furthermore, her Independent Non-Executive and Chair of Audit experience is a welcomed additional addition to the.”

Before pursuing her NED career, she worked for fifteen years at Home Retail Group, serving as a Financial Director at the company between 2011 and 2015, delivering cost savings of 10% whilst over-seeing profit growth of 43%. 

Sally graduated with BA (Hons) in Natural Sciences from Sidney Sussex College, Cambridge University, in 1994. In 1997, she joined Coopers & Lybrand, where she qualified as an Accountant. She is a member of the Institute of Chartered Accountants.

Sally is LHV UK’s third Independent NED appointment this year. Paul Horner, the former CEO of Coutts International, was appointed as a NED at the beginning of January, and seasoned Chief Financial Officer, Keith Bitcher, joined in May. 

Sally Veitch, NED of LHV UK, commented: “I am thrilled to be joining the LHV UK’s Board at this pivotal stage as they’re in the process of applying for a full UK banking license. As a specialised banking service provider to over 200 FinTech companies, with 20 of them FinTech unicorns, LHV UK has a deep understanding of the market, the needs of its clients and an understanding where profitable growth opportunities exist. I look forward to further building on this solid foundation.” 

Recently, IBS Intelligence reported that LHV UK, a banking services provider to over 200 FinTech and crypto companies, announced its Confirmation of Payee (CoP) service is now live for all its direct clients.