Vanquis Banking Group (LSE:VANQ) said Chief Executive Officer Ian McLaughlin will step down for personal reasons no later than the end of 2026.
Deputy CEO and Snoop chief John Natalizia will become interim CEO, subject to regulatory approval. The board has started a search for a permanent successor that will consider both internal and external candidates.
McLaughlin has led Vanquis through a period in which the group implemented operational and financial changes and returned to profitability.
Natalizia joined Vanquis following its acquisition of Snoop in 2023 and was appointed deputy CEO in April 2026. He currently oversees the group’s product offering, technology and change delivery, including its Gateway transformation programme.
Natalizia has more than 25 years of experience in banking and credit cards, including roles at Virgin Money and MBNA.
The board said it believes the management team under Natalizia and Chief Financial Officer Dave Watts is positioned to continue implementing the group’s existing strategy.
More about Vanquis Banking Group
Vanquis Banking Group is a UK-based specialist banking group providing credit cards and other consumer finance products, with a focus on customers who may have limited access to mainstream lending.
The group has been implementing a strategic and operational transformation covering technology, products and its Gateway programme. Its operations also include Snoop, the fintech business acquired in 2023.
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