Anne Gunther, the former Standard Life Bank chief executive, will take over as head of troubled building society Norwich & Peterbourgh (N&P).
Gunther will join the society tomorrow, 20 April, after former chief executive Matthew Bullock stepped down on 31 March. Bullock held the helm while N&P's in-branch advice arm mis-sold up to 3,200 customers investments in collapsed firm Keydata. Former Standard Life Bank CEO Gunther is set to have her work cut out for her at the ailing mutual. Yesterday the FSA fined N&P £1.4m for unsuitable advice related to Keydata products. The building society must also make crippling compensation payments totalling £51m, but which could cost N&P up to £57m with fees and other costs. N&P ...
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