Virgin Money has announced that group chief financial officer Clifford Abrahams will be leaving the bank “to pursue new opportunities with another organisation”.
Clydesdale Bank said in a stock market statement that Mr. Abrahams will remain with Clydesdale Bank as Treasurer and Executive Director until December 15. 
He joined the group about four years ago.
The move, subject to regulatory approval, will see Gergely Zaborzhskiy become executive director and take on the role of chief financial officer, it added, “ensuring a smooth transition.”
David Bennett, Chairman of the Virgin Money Board, said: “During his time at Virgin Money, Clifford was instrumental in driving strategic change for the organization and brought discipline and focus to the finance function.” Ta.
The change to the post comes after Nationwide completed its £2.9bn acquisition of Virgin Money on October 1, creating the country's second-largest mortgage lender.
Virgin Money chief executive David Duffy has resigned and will be replaced by Chris Rose, former chief financial officer of the building society, it has been announced.
Nationwide plans to discontinue the Virgin brand after four years and then rebrand the bank over the next two years.
The move is one of several significant steps in the merger since it was announced in the spring.
In July, the Competition and Markets Authority approved a merger between the two financial firms.
The regulator said “the merger does not create a realistic prospect of significantly reducing competition” across the mortgage, landlord mortgage and credit card businesses.
In May, Virgin Money shareholders voted by an 89% majority in favor of accepting the mutual company's takeover offer. National members do not have the right to vote on this agreement.
The surprise deal, announced in March, saw Nationwide offer to pay Virgin Money shareholders 218p in cash and a 2p dividend within the current financial year, or sooner, just before the deal closes. .
The offer was a 38% premium to Virgin Money's closing price of 159.1p on March 6, the day before the deal was announced.
