Karl Snowden

Karl Snowden was appointed as Head of Public Policy at HBoS in 2004. He was brought in to lead the Bank's Public Policy Unit, which aimed to monitor and influence the political and regulatory environments of the UK and international markets in which HBoS operates^[1].

The Unit was created against a backdrop of what HBoS viewed as increasing regulatory pressures both within the UK and from Europe. Snowden reports to Colin Matthew, CEO of Group Strategy and International Division.

A law graduate of Edinburgh University, Snowden comes from being UK Director of Government and Industry Affairs with Zurich Financial Services, where he was responsible for all public policy issues in the UK, Ireland, EU and South Africa. Previous posts have been with Price Waterhouse, Rank Xerox and Allied Dunbar.

Commenting on his appointment, Snowden's new boss Colin Matthew said:

"In an increasingly complex financial world, we are keen to take a proactive role in shaping the legislation and regulation which influences the Group's strategic objectives. It is important that we make balanced and well-informed contributions to the development of regulatory policy not just in the UK and EU, but in all the jurisdictions in which we operate. I am delighted that someone with Karls breadth of experience will be developing the Groups strategy for achieving this"

Karl Snowden, commenting on his new role said:

"I'm looking forward to joining a major institution which recognises the importance of influencing the legislative and regulatory worlds which increasingly drive key strategic decisions"

Notes

1. {{note|1)) HBoS Plc (2004) HBoS Appoints Head of Public Policy, accessed 23/03/07