On 30 March 2023, Secure Trust Bank PLC announced that Lord Forsyth would be retiring as Chairman and a Non-Executive director at the Annual General Meeting (AGM) in May 2024. The Company announced the appointment of Jim Brown as a Non-Executive Director with effect from 31 March 2024 and that he will succeed Lord Forsyth as Chairman following the conclusion of the AGM, subject to regulatory approval. The Board considers Jim Brown to be independent on appointment.

Jim Brown is a banking professional with many years' experience, gained through a number of executive positions. He is currently CEO, Sainsbury's Bank and a member of the Sainsbury's Group Operating Board and will be retiring from these roles at the end of March 2024. He is also a Non-Executive Director on the Board of Just Group plc.

Before this, Jim was the Chief Executive Officer, Future Williams & Glyn within the RBS Group and prior to this he was CEO, Ulster Bank Group. He held a number of senior appointments within RBS and ABN AMRO in Asia and earlier in his career with Citibank and Chase AMP Bank. On joining the Board Jim Brown will become a member of the Remuneration Committee and a member of the Nomination Committee and will Chair the Nomination Committee following his appointment as Chairman.