THE Bank of England has appointed two well known figures from the Scottish financial services industry to sit as independent members on the board of the Prudential Regulation Authority watchdog.

Former Clydesdale Bank chief executive David Thorburn and Norval Bryson, who held a number of roles in almost three decades with Scottish Provident, will take up their posts from September.

Mr Bryson will also be stepping down as as deputy chairman of Scottish Widows Group and as a non-executive director of TSB.

Mr Thorburn resigned from Clydesdale Bank earlier this year and had indicated a desire to build up a portfolio of non-executive roles.