The Financial institution of London, a world clearing and transaction banking startup, is constant to comb up senior executives from throughout the trade, appointing Silicon Valley Financial institution’s Gavin Hewitt as group chief monetary officer.
As CFO of Silicon Valley Financial institution, Hewitt was instrumental in establishing the UK subsidiary of the Financial institution and driving its development within the area over latest years.
Beforehand, Hewitt held CFO roles at HSBC in each its UK and European Industrial Banking divisions and was additionally deputy CFO of its UK Retail division. Earlier in his profession he held senior monetary roles throughout various Barclays divisions.
Rebecca Skitt, co-president & group chief administrative officer of The Financial institution of London, says: “Gavin has a superb monitor report as a senior monetary companies government, and brings substantial expertise from throughout the banking and monetary companies sectors in each established and new ventures. His expertise in driving development is one thing we worth extremely.”
Hewitt joins a stellar record of latest hires on the Financial institution of London, together with just lately appointed UK CFO Marc Jenkins, who was recruited earlier this month from Metro Financial institution. Different latest hires embody 10x Banking CTO Phil Knight as IT chief, Shawbrook Financial institution’s Tom Wooden as deputy CEO UK, Vince François from Société Générale as chief audit officer, and Accenture’s Felipe Hillard as chief buyer and product officer.
Based by Anthony Watson, a former chief info officer at each Nike and Barclays, The Financial institution of London operates on three fronts: taking up established banks out there for clearing and settlement; delivering transactions banking companies for the company market; and fielding a banking-as-a-service offfering for firms desirous to embed funds in into thier merchandise.
Launched in November final 12 months with a pre-revenue valuation of $1.1 billion, the startup has established places of work in London, New York, Belfast and Charlottte, North Carolina.
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