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CivilisedBank appoints new NED

Martin Greenland | 13:00 Tuesday 27th November 2018

CivilisedBank has strengthened its board with the appointment of Rajan Kapoor (pictured above) as non-executive director and chair of its audit and remuneration committees.

Rajan was previously financial controller at the RBS Group and held a number of senior finance positions in his 28-year career with the bank.

He has a wide range of experience across all aspects of banking, including external reporting, financial planning and analysis, asset and liability management, taxation and stress testing.

Rajan also has extensive experience of financial and regulatory reporting in the UK and US, with a strong background in internal financial controls, governance and compliance.

He is also a non-executive director and chairman of the audit committee at Charter Court Financial Services Group.

“Rajan has extensive experience of finance gained at leading UK financial institutions and he will be a great addition to the board,” said Mark Stephens, CEO at CivilisedBank.

“CivilisedBank will be unique in providing business specific service excellence from a dependable bank operating on the best of technology, and Rajan’s finance and internal controls expertise will be crucial as we finalise our build phase and prepare for launch.”

Rajan added: “CivilisedBank has a unique offering which – following its launch in 2019 – is set to make banking better for the SME market, and I am delighted to be joining the board. 

“The offer that the bank will provide to SMEs will be truly unique within the current market and I intend to bring my finance experience and knowledge to the board to support the bank with all necessary financial and regulatory preparations ahead of launch.”

Earlier this month, CivilisedBank resubmitted its banking licence application to the Bank of England.

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