Business
Virgin Money UK picks insider Gergely Zaborszky as next CFO
Global Banking & Finance Review®
Company
(Reuters) – British lender Virgin Money UK said on Wednesday that insider Gergely Zaborszky would take on the role of its CFO, after current finance boss Clifford Abrahams leaves the company in December.
Abrahams will stay with the company until Dec. 15, and Zaborszky, who currently heads FP&A and Capital Management at Virgin Money, will become an executive director and CFO, the company said.
The changes come weeks after Nationwide Building Society’s 2.9 billion pound ($3.77 billion) all-cash deal to buy Virgin Money UK became effective.
Zaborszky in the past has been the CFO at GE Healthcare Imaging.
($1 = 0.7691 pounds)
(Reporting by Chandini Monnappa; Editing by Rashmi Aich)
A CFO, or Chief Financial Officer, is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting.
An executive director is a senior manager responsible for overseeing the daily operations of an organization, implementing policies, and ensuring that the organization meets its goals and objectives.
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