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Stephen Pegge
UK Finance

Stephen Pegge

Managing Director, Senior Advisor, UK Finance
Director UK Business Angels Association
Director Business Banking Resolution Service
Director and trustee Shaw Trust
Director and trustee Shaw Education Trust

Stephen is part of the senior executive team of UK Finance, the leading financial trade association and was the industry’s policy lead on commercial finance, specialist banking, dispute resolution, IBOR transition and international trade. He chaired an advisory group for the UK government on creative industries and was part of a minister led boards on business finance and promoting female (the Rose Review Board) and black and ethnic minority entrepreneurship. Stephen has led work for the industry on Covid lending schemes, sustainability and diversity and inclusion.

Previously at Lloyds Banking Group since 1983, responsible nationally for risk management, marketing, international services and training as well as management of local teams, he led competition policy, financial services and business community relationships, local constituency and devolved nation political engagement and lending policy at Group level. He was also a member of executive boards in Lloyds Banking Group’s Commercial Banking and Retail divisions with responsibility for business banking and invoice and asset-based finance both through Lloyds Bank and Bank of Scotland. As chair of the British Bankers’ Associations Corporate Committee, he led work after the financial crisis to develop mentoring and the establishment of BGF in the UK.

Stephen read Economics at University College London and has professional qualifications from the Chartered Institute of Bankers and the Chartered Institute of Marketing.

He has represented the UK on business finance at the European Banking Federation and was on the executive committee of European Union Factoring and Commercial Finance Association.

Stephen is a director of the UK Business Angels Association, the trade association dedicated to promoting angel investing and supporting early stage investment in the UK. He is also a director of the Business Banking Resolution Service, a voluntary ombudsman scheme for larger SMEs.

For nine years, Stephen chaired one of HM King Charles III’s core charities, Prime Cymru, which provides mentoring and other support to older people in pursuit of economic activity and remains an adviser. Since April 2021, he has been a director and trustee of Shaw Trust, the major employability and education charity and is now a trustee of its sister charity Shaw Education Trust the biggest not for profit multi academy trust provider in the UK.

He lives in Somerset and is married to Cordelia, who was the senior partner of a large General Medical Practice. They have three grown up children.