Friday 13th October 2006
Online bank Egg has appointed Ian Kerr, ex-boss of Halifax, as its chief executive.
The former chief executive of retail banking at Halifax will join Egg in November when current boss Mark Nancarrow moves to Thomas Cook.
Egg is part of the Prudential group, a UK-based company which offers insurance and financial services throughout the world.
Mr Kerr said: "I am delighted to be joining Prudential at this exciting time in the groups development, and I look forward to working with the team."
"Egg is a leading brand and my challenge is to drive its profitable growth while exploiting its significant value as part of Prudentials broader customer and distribution strategy," he added.
Egg was founded in 1998 and says it has since grown to be the worlds largest online-only bank. It operates in the three main areas of lending, savings and insurance.
Parent company Prudential has been in existence for over 150 years and says it has £238 billion in assets as of June 2006.
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With a combination of competitive rates and funky branding, Egg have established themselves as one of the biggest credit cards in the UK. They are one of the most competitively priced cards on the market.
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