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Virgin Money says in talks to name ex-HSBC executive as chairwoman

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Virgin Money says in talks to name ex-HSBC executive as chairwoman

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(Reuters) – Virgin Money <VM.L> is it advanced talks to appoint former HSBC <HSBA.L> executive Irene Dorner as its non-executive director and chairwoman elect, it said on Wednesday, confirming recent speculation in the media. Any appointment would be subject to regulatory approval, the British challenger bank said in a brief statement. If Dorner joins Virgin Money, she will be taking over from Glen Moreno, who intends to retire in 2018, and would be joining Jayne-Anne Gadhia, the first female CEO of a listed British bank at the helm. Dorner has been chief executive of HSBC USA and a non-executive director at French insurer AXA <AXAF.PA> and Rolls Royce Holding <RR.L>. Sky News had reported on Tuesday that Virgin Money was close to naming Dorner as chairman. http://bit.ly/2yNsvdj

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by David Holmes)
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