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Paragon Banking Group names new chair

Paragon Banking Group PLC named Fiona Clutterbuck chair of the company and subsidiary Paragon Bank PLC, effective May 10.

Clutterbuck previously served as a senior independent director of Paragon and has been on its board since 2012. She replaces Bob Dench, who stepped down as chairman and ceased to be a director May 10 following his appointment as chairman of Co-operative Bank PLC in March.

The company will announce Clutterbuck's successor for the senior independent director post once it has obtained regulatory approval.