OneSavings Bank has announced the appointment of Stephan Wilcke as chairman.

Wilcke replaces Malcolm McCaig, who remains on the board as a non-executive director.

Wilcke has been a non-executive director of OneSavings Bank since 2011. Prior to joining the bank, he was CEO of the Asset Protection Agency (APA), an executive arm of HM Treasury.

Prior to this he advised various central banks on issues relating to the global economic crisis. He was also a partner and head of european financial services at Private Equity firm Apax Partners.

Wilcke started his career at management consultancy Oliver Wyman where he progressed to partner level.

Wilcke said: “I am delighted to have been appointed chairman of OneSavings Bank and look forward to working with Andy Golding and the team to work on the growth of Kent Reliance.”””