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LHV UK appoints Sally Veitch to its Board of Directors


LHV UK Limited (‘LHV UK’ or the ‘Company), a leading Banking Services provider to over 200 fintech and crypto companies, is pleased to announce that Sally Veitch has 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.

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 and the persons related to him do not hold shares of AS LHV Group.

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.”

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 licence. 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.“

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