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Ian Ackerley, a former investments director at Barclays, has been appointed as the new chief executive of the UK’s state-owned National Savings and Investments bank (NS&I).
Mr Ackerley, who takes over from former boss Jane Platt after 10 years at the helm, will be paid a salary of £180,000-£185,000 a year.
Commenting on his appointment, Mr Ackerley, who has worked at Virgin Money and Axa, said:
Like many people across the UK, I grew up with NS&I: my first savings were in Premium Bonds, which were bought for me as a child.
It is a brand I have long admired – particularly for how it has transformed itself into a 100% direct business without losing the trust and loyalty of its customers. I’m proud to be given the opportunity to lead NS&I and look forward to joining the team.
Over 25 million people have over £135 billion invested in NS&I’s savings products. In his latest Autumn Statement, new chancellor Philip Hammond announced savers would be paid 2.2 per cent rate on a new NS&I bond to protect them against rising inflation.
Simon Kirby, the economic secretary to the Treasury, said:
Ian Ackerley’s extensive experience in retail financial services and effective leadership skills make him the ideal candidate to be the next Chief Executive of NS&I.
NS&I sits at the heart of our savings sector and Ian will play a key role in shaping the next phase of NS&I’s digital transformation so that it continues to deliver for millions of savers across the UK.