Online banking pioneer dies


Richard Duvall, a pioneer of online banking and a co-founder of Egg, has died aged 44, following a short battle with cancer.

Duvall, who set up the online bank in 1999, had been more recently working on Zopa, an online loans exchange for people who do not use conventional banks.

The business world has been paying tribute to Duvall, who was once described by Bill Gates as "one of the most dynamic people I have ever met".

Simon Woodroffe, founder of Yo! Sushi, describes him as "a giant of his generation. The entrepreneurial world looked up to him as an intellect, an achiever and a human being. More than anyone of our generation, he could see a long way into the future and I will miss that connection".

Mike Harris, a former ceo of Egg who hired Duvall at the Prudential in 1995, describes him as a "great creative force".

Phillip Cullum, deputy chief executive of the National Consumer Council, adds: "His loss will be felt by many people on a personal level. On a professional basis, his passion for consumers will be greatly missed."

Duvall led the team that developed the Egg concept at the Prudential, and later became its first chief marketing officer, responsible for creating and launching the brand.

Zopa will continue to be led in the UK by chief operating officer James Alexander, and it says it will carry on working towards a launch in the US.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here