As of October 1, 2024, Nationwide Building Society will be the entity behind Virgin Money, as it will assume ownership of Virgin Money UK plc.
The Evolution of Virgin Money's Ownership
Virgin Money UK plc is a prominent British banking and financial services company. While the Virgin Money brand itself was originally founded by Richard Branson in March 1995, the corporate entity has seen significant changes. Virgin Money UK plc was formerly known as CYBG plc before adopting its current name.
The upcoming acquisition by Nationwide Building Society marks a significant development, ensuring that Virgin Money operates under the backing of one of the UK's largest building societies from the specified date.
