LONDON, 24 June 2023 - The Bank of London is deeply saddened that The Baroness McDonagh (Margaret McDonagh), a member of the Board of Directors, has passed away.

Margaret had been an independent non-executive director of the Company since November 2021.

Harvey Schwartz, Group Chairperson of The Bank of London, said: “We will be forever grateful to Margaret for her dedication and service to The Bank of London. It has been a privilege for me and the other Board members to work alongside her. She will be greatly missed.”

Anthony Watson CBE, Group Chief Executive & Founder of The Bank of London, added: “I am deeply saddened by Margaret’s passing. She was not just my friend, but also a tremendous supporter of our Company and for that, I will always be appreciative of her impact here. The Bank of London family offers our thoughts, prayers and support to the entire McDonagh family at this time.”

Margaret co-founded The Pipeline, a dynamic organisation that works with both organisations and individual women to increase the number of female executives at the most senior corporate levels. Previously she served on the Boards of Standard Life and the global infrastructure business Abertis.

In 1998, Margaret became the Labour Party’s first female general secretary, serving in that role until 2001. In 2004 she was created a life peer in the House of Lords taking the title The Baroness McDonagh, of Mitcham and of Morden in the London Borough of Merton.


The Bank of London

Gavin Haycock