Payments Fintech Banking Circle, the tech-focused payments bank, has appointed an experienced banker as its new Head of Institutional Banking for the DACH region.
Timo Florian Zwez has reportedly joined Banking Circle from commercial wholesale bank, Bayerische Landesbank (BayernLB), where he spent around 6 years building the financial institutions platform in Europe in his role as senior director FI origination within the capital markets division.
Timo brings with him around 20 years of professional experience working cooperatively with Treasury Departments of banks, public sector clients and corporates in his roles at UBS, Standard Chartered, RBS and Dresdner Kleinwort “being based in London, Singapore and Frankfurt.”
His outstanding career in “client facing roles, his strategic approach combined with his industry knowledge and unique understanding of the needs of the sector will be a great asset going forward,” the update noted.
He will be “focused on Banking Circle’s ambitious growth plans in the DACH Banking marketplace, assisting institutions in cutting the costs and speed of cross border payments.”
Anders la Cour, Chief Executive Officer of Banking Circle Group, stated:
“We are delighted that Timo is heading up the DACH Institutional Banking team. His background in strategic planning and client relationship development will be invaluable as we grow in the DACH region. We look forward to working closely together as Banking Circle expands around the world to help more Banks and Non-Bank Financial Institutions provide more affordable and accessible banking solutions to their underlying customers.”
Timo Zwez remarked:
“Banking Circle is an exciting Payments Bank and one of the few in the sector that is truly making a positive difference in addressing the challenges around global cross border payments. I am excited to be joining the DACH team and look forward to taking on the challenge of driving growth and delivering valuable solutions to Financial Institutions across the region.”