4 October –Mitsubishi HC Capital UK PLC (MHCUK) trading as Novuna, one of the UK’s leading financial providers, is today announcing the appointment of Alan Hughes as the Chair of the Board and Sian Herbert as an independent Non-Executive Director and the new Chair of the Audit and Risk Committee.
Senior Independent Director, Alan Hughes, has succeeded Guy Munnoch as Chair. Alan, who worked for HSBC for 35 years, rising to its UK Executive Board as General Manager, joined the MHCUK Board in February 2017 and held the position of Deputy Chair until August 2022. He is also Chair of the Remuneration Committee, Chair of the Nomination Committee and a member of the Audit and Risk Committee.
Sian Herbert has enjoyed a 35-year career in the City; spanning audit, financial crime, risk, regulation and change in both the financial services and technology sectors.
Prior to joining MHCUK, Sian held executive positions at PricewaterhouseCoopers LLP (PwC), where she worked for 25 years, with 15 years as a Partner before stepping down in June 2020. During her time at PwC, Sian established an expertise in financial services, e-money and payment services within the forensic services group, advising on financial crime, risk, regulatory change and the impact of technology.
Sian has previous experience as a Non-Executive Director, having served in the role and as Chair of the Audit Committee of HBL Bank UK Limited since mid-2020. She was appointed to the Board of Equals Group Plc, a payments services fintech, as the Audit and Risk Committee Chair in October 2020.
This most recent appointment to the MHCUK Board of Directors is one of several internal changes. Guy Munnoch, who has served as the Board’s Chair since February 2017, and Anne Whitaker, an Independent Non-Executive Director who has served as Chair of the Audit and Risk Committee since 2016, are both retiring as directors of MHCUK.
Robert Gordon, Mitsubishi HC Capital UK PLC Chief Executive Officer, said:
"Sian is a welcome addition to the Board, bringing a wealth of expertise and experience across our industry, which I am confident will play a critical role in helping us to achieve our Group ambitions in an increasingly challenging market.”
Sian Herbert, Non-Executive Director of Mitsubishi HC Capital UK PLC, added:
“I’ve long admired the work done by Robert and his team and had no hesitation in deciding to join a company with the ability to back up its ambition. It’s a time of great uncertainty for businesses and consumers, many of whom are looking to the credit industry to help them through the obvious short- term challenges, while also helping them to borrow for growth. I look forward to working together with the rest of the Board to address these challenges and opportunities together.”