Bank North beefs up team ahead of launch

Bank North CEO Jonathan Thompson

Manchester-based Bank North announced it has grown its team further, including the addition of Neil Boycott as head of credit risk, as it continues to make progress through its “mobilisation phase.”

Bank North’s investors include Estonian banking group LHV Group, LHV Asset Management, Skipton Building Society, Channel 4 Ventures and the Greater Manchester Combined Authority.

The new bank has also completed several over-subscribed crowdfunding rounds over the last three years, through Growth Capital Ventures and Crowdcube.

Bank North was granted its banking licence — authorised with restrictions — by the UK’s Prudential Regulation Authority in August.

Boycott joins seven other new starters and will lead Bank North’s credit risk team, helping to “develop and manage a robust framework of processes to ensure a smooth and secure lending process.”

Before joining Bank North, Boycott held roles at Barclays including most recently as senior credit risk manager, and prior to that he worked at Lloyds Banking Group.

The other new starters are Mia Hailwood joining as a change manager, Michael Walsh as treasury dealer, Rick Turpin as solutions architect and Adam Conroy as an accountant.

Tom Briggs has been appointed IT service delivery manager, Kevin Glover as lending product and propositions manager and Martin Elliott as secured funding and treasury operations manager.

“The new hires bring a wealth of expertise across the financial services industry, at national and international brands such as NatWest, Royal Bank of Scotland, and HSBC, as well as strong regional players such as Leeds Building Society,” said Bank North.

“Outside of banking, some of the new joiners have had spells at multinational tech giant, Microsoft, leading power company, Drax Group, and former high street chain, Phones4U.

“The experienced team will play a vital role in building Bank North into a fast, modern and customer-driven lender aiming to transform the SME lending market in the UK.

“The latest growth in Bank North’s team follow’s the appointment of Deepak Haria and Madis Toomsalu to the board in September.

“Since being granted a banking licence and completing a successful ‘Series A’ funding round, Bank North has made strong progress in the mobilisation phase of building the bank and will open its first regional ‘pod’ in Manchester later this month.”

Bank North CEO Jonathan Thompson said: “As Bank North continues to grow it is great to welcome further highly experienced employees to our team.

“We are proud to be able to bring high-skilled jobs to Manchester, reaffirming our commitment to the regionalisation of SME lending.

“I look forward to working with our expanding team to deliver the best possible bank to help UK SMEs thrive.

“As we continue to move through our mobilisation phase I am delighted to welcome what feels like a constant stream of talent into the business.

“The new starters will provide invaluable expertise to develop functions across Bank North.”