A not too long ago launched enterprise bank has appointed Richard Davies as Chief Govt Officer.
Davies will probably be answerable for main Allica Bank because it scales, delivering funding, know-how and experience to the British enterprise sector.
Davies brings a wealth of banking and FinTech expertise to the agency, having spent the final 20 years supporting British companies on behalf of a number of the UK’s largest banks and quickest rising monetary firms.
He joins Allica Bank from Revolut, the place he led the group’s world banking proposition, together with establishing new management groups and operations in Eire, US, Australia, and Singapore; launching Revolut’s bank in Europe; and progressing Revolut’s plans within the UK.
He has beforehand held senior roles with TSB, HSBC, OakNorth Bank, and Barclays. In 2013-14, as the primary CEO of OakNorth, Richard developed the enterprise model, know-how, and profitable regulatory licence software for OakNorth Bank.
Davies replaces outgoing CEO, Mark Stephens, who not too long ago signalled his intention to retire from govt roles, following a profession spanning greater than 40 years in UK enterprise banking.
Richard Davies, CEO elect, Allica Bank, stated: “The world as we all know it’s altering quick and it’s the businesses who can mix progressive know-how with actual human experience, who will thrive and add actual value for his or her clients.
“It’s for that cause I’m delighted to be becoming a member of Allica Bank. I strongly imagine we’ve the expertise, expertise and dedication to assist British companies by these unsure instances.
“Now, perhaps more than ever, is when financial institutions need to step up and be counted on behalf of the customers that need them. In my career I have worked for some of the largest established banks and fastest growing challengers, I am excited to be continuing in that vein as I move from one of the most disruptive fintechs, to the bank that I believe can transform business banking in the UK.”
John Maltby, Chairman, Allica Bank, stated: “It’s with nice pleasure that I’m able to in the present day announce the appointment of Richard Davies as CEO of Allica Bank. As a revered chief and innovator of enterprise banking and fintech, Richard’s appointment is testomony to Allica Bank’s progress, since securing our banking licence in September 2019.
“We might additionally wish to take this chance to put on report our due to Mark Stephens for all he has carried out within the final two years and we want each him and his household the easiest in his retirement. In a profession spanning greater than 40 years, Mark has labored tirelessly to make sure small and medium companies have entry to the merchandise and experience they want, and this perception has been central to Mark’s method in constructing and main Allica Bank.
“Mark will continue to support British SMEs and remain involved with the industry in Non-Executive and advisory roles, in the years ahead.”