Morses Club PLC provided the following update on changes to the Board. Sir Nigel Knowles will be stepping down from his role as Chair of the Board with effect from 4 November 2022 in order to dedicate more time to his other principal role as the CEO for the global legal firm DWF Group PLC. Sir Nigel joined the Morses Club Board in May 2016, when he was appointed Senior Independent Director, before becoming Chair in March 2022.

Morses Club also announces that Michael Yeates will be stepping down from the Board with effect from 4 November 2022. Michael joined the Board in May 2021 as an Independent Non-Executive Director. Michael joined the Morses Board in order to bring his significant experience in the retail banking sector to developing a retail banking offer.

Following a change in business strategy to focus on the development of non-standard credit services, Michael has decided to step down to continue with his other business interests. The Board will update the market on their replacements once confirmed.