CivilisedBank has appointed James Heath (pictured above) as chief financial officer (CFO) and Andrew Holmes as chief technology officer (CTO).
The two appointments are key as the bank continues its build phase towards launch in early 2018.
James has joined the business bank from ABN AMRO Bank UK, where he was CFO in charge of strengthening the finance and tax functions to support the group's international growth strategy.
Prior to that, he was CFO and founding director of SME-focused challenger bank Cambridge & Counties, where he helped to guide the bank through the final stages of the regulatory approval process and built their finance, reporting, treasury and prudential risk-management process.
James has also worked at Close Brothers Group PLC, where he was finance director of the banking division which focused on SME lending.
Andrew has joined from Silicon Valley Bank, where he was head of the enterprise programme management office.
Andrew was at the forefront of implementing the launch of the bank's UK branch – the first outside of the US – and he put in place the programme for the launch of a branch in Germany.
In this role, Andrew also significantly redesigned the enterprise programme management office.
“We're delighted to have James and Andrew joining the CivilisedBank team,” said Philip Acton, chief executive officer at CivilisedBank.
“As CFO, James brings a wealth of experience, having helped to launch a challenger bank in the past.
“He also has great SME financing, risk and regulatory experience.
“James will be a real asset to the bank as we prepare for launch in early 2018 and as we enter the next phase of our development.
“Technology will play a vital role in helping us to deliver our business model and – as CTO – Andrew brings significant experience in building and launching technology platforms for a new bank.”
James added: “I am delighted to be joining CivilisedBank as it looks to reinvent traditional banking and rebuild trust between customers and their bank.”
Andrew said: “CivilisedBank will be providing a service to SMEs that is both new and necessary, as it caters to a group currently underserved by the incumbent and online-only banks, and I'm thrilled to be joining the team.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Coutts partners with Mortgage Brain to offer products to intermediaries
Private bank Coutts has partnered with Mortgage Brain to make its products available – via the latter’s platforms – to UK intermediaries...
Charter Savings Bank launches two new accounts
Charter Savings Bank has introduced two new accounts: a 95-day notice account and a three-year fixed rate cash Isa...
FP Show reveals its largest and most diverse conference programme
The Finance Professional Show has confirmed its largest conference programme to date, hosting a selection of varied sessions throughout the event next month...
47% of SMEs prepared to move away from traditional banks
Almost half of SMEs in the UK (47%) would move to a challenger/digital bank or non-banking brand if they decided to switch, according to the latest research by Unisys Corporation...
Monese launches business account
Monese has launched a business account in the UK which will be bundled with its personal banking account...
Metro Bank provides £14m facility to support London office acquisition
Metro Bank has provided Kingsway Properties London with a £14m investment facility to support the acquisition of a five-storey office building in central London...
Tandem introduces new credit card blocking feature
Tandem has created a new card-blocking feature for its banking app which allows customers to react instantly to a misplaced card...
Trinity College Dublin secures €100m EIB facility
The European Investment Bank (EIB) has provided a €100m long-term loan to Trinity College Dublin for four capital developments across the campus...
Arbuthnot Banking Group completes testing phase of direct deposits business
Arbuthnot Banking Group has announced that the internal pilot offering of its direct deposits business will commence soon...
Anna to launch business current account for creative UK SMEs
Hybrid digital assistant Anna has announced plans to launch a UK business current account aimed exclusively at supporting SMEs in the creative industries...
Masthaven reaches £500m in assets
Masthaven has announced that it has generated £500m in assets driven by the growth in its diversified lending across short-term and long-term property finance...