Equiniti appoints Paul Lynam as new CEO

Equiniti has appointed Paul Lynam as its new chief executive with effect from 1 April, succeeding Guy Wakeley.

The company said Lynam is an experienced business leader "focused on customer satisfaction and staff engagement as key levers of business success". He has been CEO of Secure Trust Bank since 2010 and has been responsible for delivering "significant" shareholder value since its listing in 2011, Equiniti added.

Wakeley, who has been CEO since 2014, will step down with immediate effect by mutual agreement.

Cheryl Millington, currently an independent non-executive director at Equiniti, has assumed the role of interim CEO until 1 April.

Chairman Philip Yea said: "I am very pleased that Paul has agreed to join as chief executive. Prior to STB Paul led a range of diverse businesses including Lombard asset finance and the SME banking business of NatWest in the UK. He was one of the founding directors of UK Finance, the recognised trade body for the UK financial services industry. We are delighted to have attracted someone of Paul's experience to lead the group."