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
N26 introduces MoneyBeam to UK users
N26 has introduced MoneyBeam to its UK users which will enable them to instantly send money to other users of the mobile bank...
NatWest names new CEO for Mettle
NatWest has named Marieke Flament (pictured above) as the CEO of its SME digital banking subsidiary Mettle...
CYBG to rebrand as Virgin Money and launch a new business current account
CYBG has revealed that it will rebrand to Virgin Money over the next two years with new Virgin Money-branded products...
New bank Chetwood Financial reveals long-term ambitions
Chetwood Financial is aiming to use technology to offer better deals to customers, having secured a banking licence late last year...
The opportunity for accountants to help businesses
In light of bank and building society branch closures, a new report published by Oxford Economics in partnership with Funding Circle has revealed that in the UK — despite the vast economic output generated by SMEs — small business lending accounts for only 2% of banks’ balance sheets...
Paragon Bank’s structured lending team passes £100m milestone
Paragon Bank’s structured lending team has passed its £100m milestone 18 months after launching...
Hanley Economic expands intermediary support team
Hanley Economic Building Society has appointed Kate McKeon (pictured above) as an intermediary sales assistant...
Gatehouse Bank names new direct adviser
Gatehouse Bank has appointed Robert Siddall (pictured above) as a direct adviser...
British Business Bank increases facility with Simply to £180m
Non-bank lender Simply has received a third facility of £60m from the British Business Bank under the latter’s ENABLE funding programme...
OakNorth provides facility for cloud platform provider acquisition
OakNorth has provided a loan to managed service and cloud platform provider Oncore IT for the acquisition of Fuse Technologies...
Monzo to launch first USA accounts this summer
Monzo has announced it will be launching its first accounts in the USA this summer...