The Fairbanking Foundation announces that David Coe will be joining the Fairbanking Foundation as its Chief Executive Officer on 29 October 2018.
David will lead the charity’s strategy to increase the coverage of our Fairbanking Marks scheme and the range and impact of our growing advisory and research activities. Founded 10 years ago with the mission to improve the financial well-being of consumers, the charity’s Fairbanking Marks have already been awarded to financial products used by more than 20 million consumers. The Fairbanking Mark tells consumers that a product has features which are proven through rigorous independent assessment to help them manage and stay in control of their money.
Teresa Perchard, Chair of the Fairbanking Foundation said:
‘We are delighted that David has agreed to join the charity to help us take our strategy forward. David brings extensive experience and a successful track record of senior leadership roles with a wide range of charities and professional bodies covering strategy, business and partnership development, marketing, advocacy, accreditation schemes and organisational development and change. Most recently he was interim CEO for the World Association of Girl Guides and Girl Scouts (WAGGGS). He has previous leadership experience with a wide range of charities and organisations, including Age Concern England, Abbeyfield, Amnesty International and Orbis (an international charity which supports people affected by blindness). His direct experience of the needs and aspirations of consumers, ranging from young people to older and disabled people, will complement the Fairbanking Foundation’s strong focus on financial services. ‘
David Coe, Chief Executive designate said:
‘I am really delighted to be asked to join the Fairbanking Foundation in its 10th anniversary year. The charity has already achieved a huge amount in its ambitious mission to improve the financial well-being of consumers. But there is much further to go. On average UK adults owe £30,636 each, equivalent to 113% of average earnings, and the Office of Budget Responsibility forecasts further increases in the level of consumer debt*. In this context it is more important than ever before that financial institutions act to ensure that their products and services help customers to manage their money and avoid getting into debt. The Fairbanking Foundation stands ready to help financial institutions figure out how to do the right thing, and I am really excited to have the opportunity to lead the work to widen and deepen the impact of the charity’s work for consumers in the coming years.’
Note * – source The Money Statistics, The Money Charity September 2018
