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OakNorth names new COO

Martin Greenland | 12:00 Tuesday 17th July 2018

OakNorth has appointed Amir Nooriala (pictured above) as its new chief operating officer.

Amir has joined the challenger bank from BGC Partners, where he was managing director and responsible for both the company’s change function and their regtech responsibilities.

At BGC Partners, he led a team of 40 and oversaw a change budget of $50m.

Prior to this, he worked at Barclays Investment Bank for more than 10 years, where he was involved in a programme whereby the operations and technology teams were combined into a single service, enabling them to streamline and automate much faster than had previously been thought possible.

As OakNorth’s PRA-approved SMF24, Amir will be responsible for managing the day-to-day internal operations and technology of the bank, including all IT systems and operational processes.

Amir will also lead the bank’s change programmes and change agenda.

“It has been another good quarter for OakNorth – our loan book is now £1.6bn and we have a further £1bn of loans in docs and being transacted,” said Rishi Khosla, CEO and co-founder of OakNorth.

“In addition to this, we continue to attract tens of millions of pounds in deposits each month from thousands of savers, and we’ll be launching easy-access and notice accounts for businesses later this year.

“Amir will play a central role in ensuring we continue developing our operational and technological resilience in line with our expanding activity.”

Amir added: “OakNorth has continuously been recognised as one of the fastest-growing and most successful fintech businesses in Europe, and the IP it has built around origination and credit has enabled it to become one of the UK’s most active lenders.

“I’m incredibly excited to be joining the organisation as it continues to grow its loan book and expand its footprint across the UK, and I look forward to working with the team to launch several new retail products later this year.”

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