The Bank of London, the next-generation technology company and the world’s first purpose-built global clearing, agency, and transaction bank, is delighted to announce “the appointment of Norbert Becker as Chair of the European Union (EU) region for the firm.”
In addition to his role as Chair of the EU region for The Bank of London, Becker “serves as the Chairman of The Administration des Biens du Grand-Duc, which oversees the Grand Duke of Luxembourg’s private assets, Chairman of PayPal Europe, having been a board member since its incorporation as a fully licensed bank in 2007, a member of the management board of Edmond de Rothschild Eres Private Equity Funds, and Group Chairman at Lombard International Assurance.”
Amongst his many other accomplishments, he “founded CBP Quilvest private bank which was acquired by Fideuram Bank Luxembourg.”
Anthony Watson, Group Chief Executive & Founder of The Bank of London said:
“Norbert is an inspiring strategic leader and I’m beyond delighted to have him join our firm in this critical role. Joining us at this pivotal point, Becker’s extensive knowledge of the Luxembourg and wider EU environment coupled with his over three decades of international experience will be invaluable for our growth.”
Norbert Becker said:
“The Bank of London is unique. Its products and services are game changing. I’m excited to be joining this transformative firm during the first year of its evolution, and I look forward to working closely with Anthony advising on geographic expansion and the business growth opportunities Luxembourg and the wider EU has to offer.”
As covered, the Bank of London is “the sixth principal clearing bank of the United Kingdom, and only the second clearing bank to launch in 250 years.” With a $1.1 billion valuation (attained in February 2023), it is “the first pre-revenue bank in history to sustain ‘unicorn’ status.”
Their mission is “to be the world’s best clearing bank, offering the first and fastest purpose-built global payments and clearing platform, fueling a more productive and resilient economy, powering the businesses and entrepreneurs of the future.”
Driven by innovative technology, the bank is “built 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 authorized by the Bank of England’s Prudential Regulatory Authority and regulated by the Financial Conduct Authority. ”