Jim Brown (banker)

Last updated
Jim Brown
NationalityNew Zealand
OccupationBanker

Jim Brown is a New Zealand banker and the former chief executive of Sainsbury's Bank. He is the former chief executive of Ulster Bank from 2011 to 2015 and Williams & Glyn from 2015 to 2017.

Career

Brown worked for Citibank in Asia, Australia and New Zealand. [1] From 2005 to 2011, [2] Brown was based in Hong Kong as chief executive of Retail and Commercial Markets, Asia for RBS Asia. [1] [2]

From 2011 to 2015, Brown was chief executive of Ulster Bank. [2] [3] In April 2015 it was reported that Brown was the highest paid banker in Ireland, with his overall pay package at €1.63 million (£1.16M), up 66% from €979,000 a year earlier. [4] Brown said his time as CEO was "hugely challenging". [5] He was followed by Paul Stanley as acting chief executive. [6]

Brown was president of the Institute of Banking in Ireland. [1]

From 2015 to 2017, Brown was chief executive of Williams & Glyn, a division of the Royal Bank of Scotland. [2] He replaced John Maltby in the role, who stood down. [7]

On 11 June 2019, Sainsbury's announced Brown had been appointed chief executive of Sainsbury's Bank. [2] In June 2019, he also became a member of the operating board of the Sainsbury's group. [8]

In March 2024, Brown left his role at Sainsbury's due to retirement. [9]

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References

  1. 1 2 3 "Jim Brown | Be Inspired". Retail Week. Retrieved 29 January 2022.
  2. 1 2 3 4 5 "Sainsbury's appoints Jim Brown as CEO of Sainsbury's Bank". Sainsbury's. 11 June 2019. Retrieved 29 January 2022.
  3. Porritt, Luisa (31 March 2011). "Ulster Bank finds new CEO". International Investment. Retrieved 30 January 2022.
  4. Webb, Nick (25 April 2015). "Ulster Bank's Jim Brown is highest-paid banker in Ireland after 66pc wage rise". Independent.ie. Retrieved 29 January 2022.
  5. Mulgrew, John (28 April 2015). "Ulster Bank CEO quits his 'hugely challenging' role". Belfast Telegraph. Retrieved 30 January 2022.
  6. McCabe, Sarah (10 October 2015). "Ulster Bank shuffles management before new CEO named". Independent.ie. Retrieved 30 January 2022.
  7. "Williams & Glyn and Ulster Bank management changes". Royal Bank of Scotland. Retrieved 30 January 2022.
  8. https://www.retail-week.com/be-inspired/jim-brown/7036050.article?authent=1
  9. "Sainsbury's announces Operating Board changes". www.about.sainsburys.co.uk. Retrieved 2024-06-20.
Business positions
Preceded by
Cormac McCarthy
CEO of Ulster Bank
20112015
Succeeded by
Paul Stanley
Acting
Preceded by
John Maltby
CEO of Williams & Glyn
20152017
Branch network disestablished
Preceded by
Peter Griffiths
CEO of Sainsbury's Bank
2019present
Incumbent