Stephen Pegge
Stephen Pegge
Managing Director, Commercial Finance, UK Finance

Director UK Business Angels Association

Director Business Banking Resolution Service

Director and trustee Shaw Trust

Director and trustee Prime Cymru

Stephen is part of the senior executive team of UK Finance, the leading financial trade association and is the industry’s policy lead on commercial finance, sustainability, specialist banking, dispute resolution, IBOR transition and international trade. He chairs an advisory group for the UK government on creative industries and is part of a minister led boards on business finance and promoting female (the Rose Review Board) and black and ethnic minority entrepreneurship. Stephen has led work for the industry on Covid lending schemes.

Previously at Lloyds Banking Group since 1983, responsible nationally for risk management, marketing, international services and training as well as management of local teams, he led competition policy, financial services and business community relationships, local constituency and devolved nation political engagement and lending policy at Group level. He was also a member of executive boards in Lloyds Banking Group’s Commercial Banking and Retail divisions with responsibility for business banking and invoice and asset-based finance both through Lloyds Bank and Bank of Scotland.

Stephen read Economics at University College London and has professional qualifications from the Chartered Institute of Bankers and the Chartered Institute of Marketing.

He represents the UK on business finance at the European Banking Federation and is on the executive committee of European Union Factoring and Commercial Finance Association.

Stephen is a director of the UK Business Angels Association, the trade association dedicated to promoting angel investing and supporting early stage investment in the UK. He is also a director of the Business Banking Resolution Service, a voluntary ombudsman scheme for larger SMEs.

PRIME Cymru was founded by HRH the Prince of Wales as one of his charities and works to help people over 50 in Wales to become economically active particularly by starting businesses. Stephen was chairman between 2008 and 2017 and remains a trustee. Since April 2021, he has been a director and trustee of Shaw Trust, the major employability and education charity.

He lives in North Somerset and is married to Cordelia, a GP. They have three grown up children.