The Bank of London, which claims to be the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Marc Jenkins as Chief Financial Officer UK – SMF 2, “subject to regulatory approval, and Member of the Executive Management Committee of the UK Bank.”
As Chief Financial Officer UK, Marc will be “responsible for all accounting, finance, and corporate treasury for the UK Bank and will also work with the Senior Leadership Team to support its commercial agenda.”
Prior to The Bank of London, Marc reportedly “spent almost two years as Deputy CFO and later as Acting CFO at Metro Bank, where he held SMF 2 delegated responsibilities, including leading on acquisition integration.” He was also “a member of the Bank’s Executive Committee, Board Audit Committee, Board Disclosure Committee, and Board Risk Committee.”
Previously, Marc “spent almost four years at ClearBank, where as CFO (SMF2) and a member of the Bank’s Board of Directors (SMF3), he was responsible for all strategic planning, profitability, financial and regulatory reporting as well as bank-wide treasury including capital planning and management.”
During his earlier career Marc “spent several years in various roles at The National Westminster Bank Group and later MasterCard International.”
Anthony Watson, Group Chief Executive & Founder of The Bank of London, said:
“Marc has a distinguished career as a senior financial services executive and brings a wealth of experience and leadership skills across a broad range of corporate finance, accounting, strategy, stewardship, and governance. We’re extraordinarily fortunate that Marc has chosen to spend the next phase of his career as a leader at The Bank of London.”
Marc Jenkins, Chief Financial Officer UK of The Bank of London, said:
“I’m very excited to be joining The Bank of London at a pivotal time in its journey, and I look forward to playing a role in supporting the bank’s long-term and sustainable financial performance.”
As covered, The Bank of London “launched 30th November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years.”
With a $1.1 billion valuation, it is “the first pre-revenue bank in history to attain ‘unicorn’ status upon debut. ”
Their mission is “to create the world’s best clearing bank, offering the first and fastest purpose-built global payments and clearing platform that’s powering the businesses and entrepreneurs of the future.”
The Bank of London claims it is “a leading-edge technology company and the world’s first purpose-built global clearing, agency, and transaction bank.”
They leverage their patented technology innovations and differentiated bank capabilities “to lift economies and communities by powering the borderless economic infrastructure of the future.”
The bank “has been established to assist banks, clearing houses, digital & traditional asset firms, governments, financial services companies from local fintechs to global institutions, payment networks and non-financial brands seeking to launch fully compliant financial products and services in-country and across-borders. ”
With headquarters in London and offices in New York, Charlotte (North Carolina), and Belfast, The Bank of London is “a principal clearing bank of the United Kingdom authorised by the Bank of England’s Prudential Regulation Authority and regulated by the Financial Conduct Authority. ”