The Bank of London, the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Gavin Hewitt as Group Chief Financial Officer (CFO) “by the end of January 2023.”
In his role, Gavin will “lead on all accounting, finance, and corporate treasury for the Group, and contribute to the development of the Group strategy, supporting the delivery of its commercial agenda.”
Gavin joins The Bank of London “from Silicon Valley Bank, where he held the role of CFO for the United Kingdom (UK) and Europe, the EMEA and was an Executive Director on the UK Board and Management Committee.”
While there he “was instrumental in establishing the UK subsidiary of the Bank and the exponential growth in the region over recent years.”
Previously Gavin held CFO roles “at HSBC in both its UK and European Commercial Banking divisions and was also Deputy CFO of its UK Retail division.” Earlier in his career he “held senior financial roles across a number of Barclays divisions.”
A qualified management accountant with over 20 years of experience within the financial services and banking sector, Gavin brings extensive knowledge “in business performance management, strategy, and financial planning.”
Rebecca Skitt, Co-President & Group Chief Administrative Officer of The Bank of London, said:
“Gavin has an excellent track record as a senior financial services executive, and brings substantial experience from across the banking and financial services sectors in both established and new ventures. His experience in driving growth is something we value highly. We’re extraordinarily fortunate that an outstanding leader like Gavin has chosen to join us at The Bank of London.”
Gavin Hewitt, Group Chief Financial Officer of The Bank of London, said:
“Joining The Bank of London is very exciting, especially at a time when building a scalable platform and sustainable financial performance and resilience will be key to growth. As a CFO, the need for a more efficient, borderless payments infrastructure is clear. I’m looking forward to getting started and building a passionate team to support that vision.”
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 reportedly “the first pre-revenue bank in history to attain ‘unicorn’ status upon debut.”
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.”