British lender Virgin Money UK has announced that Gergely Zaborszky will take over as chief financial officer, following the departure of current finance chief Clifford Abrahams in December.

The appointment comes shortly after Nationwide Building Society's £2.9 billion all-cash acquisition of Virgin Money UK took effect.

Zaborszky, who currently serves as head of FP&A and Capital Management at Virgin Money, will assume the role of executive director and chief financial officer. He brings significant experience to the position, having previously served as chief financial officer of GE Healthcare Imaging.

David Bennett, board chair at Virgin Money, praised the outgoing Abrahams for his contributions to the company: "In his time at Virgin Money Clifford has been instrumental in driving strategic change at the organisation and has brought discipline and focus to the finance function. He has been a great colleague and on behalf of the board I wish him well for the future."

Bennett expressed confidence in the succession plan, adding: "I'm pleased that we have identified such a strong successor and look forward to working with Gergely as the business moves to its next phase of development."

Abrahams will remain with Virgin Money until 15 December 2024 to ensure a smooth transition before departing to pursue an opportunity at another organisation.

The leadership change represents a significant moment for Virgin Money as it enters a new chapter following its recent acquisition by Nationwide Building Society.

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