Steve Lamey named as new CEO of Student Loans Company

The Student Loans Company (SLC) has today [19 May 2016] announced the appointment of Steve Lamey as its new Chief Executive Officer.

Mr Lamey had a long career at HMRC holding a number of senior roles, including Chief Operations Officer, Chief Information Officer and latterly Chief Executive Officer and Commissioner – Benefits & Credits.

Between 2000 and 2008, prior to joining HMRC, Mr Lamey was chief information officer and vice president of information management at the British Gas Group. More recently, his interim roles have included serving as Interim Directorat Equiniti, a specialist provider of technology, finance and administrative services in complex or regulated markets. Mr Lamey is expected to take up his new role at the SLC in June.

Christian Brodie, Non-Executive Chairman of the SLC commented:

“I am delighted to welcome Steve as our new CEO and look forward to drawing on his experience gained in a long career at HMRC and in the private sector. He is well placed to build on the excellent operational performance delivered in the last financial year by a high performing team led by David Wallace, as Interim Chief Executive.”

Jo Johnson, Minister for Universities and Science said:

“With record numbers going to university, the SLC is playing a vital role in making the dream of higher education a reality. I’m very grateful to David Wallace and the leadership team at SLC for their excellent work over the last seven months during this recruitment, and I look forward to working with Steve as we continue to deliver an outstanding service to students and a funding system which is fair and sustainable for taxpayers.”

Steve Lamey said:

“I relish the challenge that this role offers. I know from my discussions with the Chairman of SLC and others that I am inheriting a strong and cohesive team and I am looking forward to working with them to drive the continuous improvement of the Company.”

The appointment comes after the Government published its Student Loans Repayment Strategy which seeks to ensure the student loan system remains sustainable and fair for taxpayers and borrowers. It includes measures to make it easier for borrowers to deal with the SLC and update on their circumstances, and to give the SLC a greater ability to track down those who are liable to repay but are not complying with their obligations.

Ends

Notes to Editors
1. The Student Loans Company delivers student finance for Higher Education and Further Education students on behalf of the UK Government and Devolved Administrations across the UK.
2. In 2014-15 SLC made payments in excess of £7bn to students studying in the UK, £7.5bn in tuition fees to learning providers and, working with HMRC, collected over £2bn in loan repayments from customers.
3. SLC employs 2,600 people at four sites, Glasgow (HQ), Hillington, Darlington and Llandudno.
4. David Wallace, Executive Director Finance, Strategy and Corporate Services and Deputy CEO was asked by the Board of SLC to act as Interim CEO during the recruitment and selection process, following the resignation   of SLC’s previous CEO in the Summer of last year.

Press Office
Student Loans Company
100 Bothwell Street
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