The Bank of London announced the appointment of Anne Grim as an independent Non-Executive Director (NED) of The Bank of London Group Limited Board and Chairperson of the Board Risk Committee (BRC), “subject to regulatory approval.”
As well as her BRC role, Anne will be “a member of the UK bank’s Board Audit Committee.”
Anne reportedly brings to the UK Bank “more than 30 years of experience at board level with an extensive track record in business transformation strategy development and execution across technology and financial services, spanning: investment banking, wealth management, retail and consumer lending sectors.”
Her insights draw from deep digital technology expertise and commercial insight “as well as managing change and business model innovation.”
She has worked in senior financial services leadership roles “at Barclays, Wells Fargo, American Express, Mastercard and most recently as Chief Customer Officer at Fidelity International, before embarking on her Board portfolio career.”
Anne is an independent non-executive board member “for Insight Investment, where she chairs Insight Investment Fund Management Ltd and the Insight Investment Strategic Technology Committee, and Plus500, one of the largest multi-asset online brokers in the world, where she chairs the remuneration committee.”
Her previous board and advisory experience “include roles at Metro Bank, The Openwork Partnership, The Investment Association and Retail Money Market Ltd.”
She joins the UK bank as it “nears its first anniversary operating in the UK business-to-business banking market. An application for a European Union banking licence is currently with the European Central Bank and Commission de Surveillance du Secteur Financier in Luxembourg.”
David Skillen, Chairperson UK, The Bank of London, said:
“I am delighted to welcome Anne to The Bank of London. The depth and breadth of her leadership in large financial services businesses and considerable corporate experience make her a strong addition to our UK Bank Board.”
Anne Grim said:
“The Bank of London has established itself in the UK business banking market with a focus on providing safer banking products and services to help companies start, run and grow. I look forward to working with the board and the executive management team to help guide The Bank of London through the next phase of its journey.”
As covered, The Bank of London is a principal clearing bank of “the United Kingdom and the only mass-commercial sovereign-system reserve bank in the world.”
The bank says that it does “not generate credit, liquidity, or investment risk. No depositors’ money is loaned, leveraged, or invested. All client money is held at the Central Bank (Bank of England), available on demand.”
The bank provides banking solutions “for all company and organisation types across most industries,” offering:
Agency, clearing, payment and settlement solutions “for regulated and non-regulated domestic and international companies;
Commercial Banking, serving small and medium businesses as well as corporate, government and institutional clients with an array of account, custody, foreign exchange, transaction, and treasury solutions;
Embedded Banking (As-A-Service), enabling companies to fully embed regulated banking products into their own customer offerings, under their own brand and powered by the bank’s licence and platform.”
The Bank of London, with headquarters in London and centres in New York, Belfast, Charlotte (North Carolina), and Luxembourg, is “authorized by the Bank of England’s Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.”