Recognise Bank has appointed Simon Wilson as its chief risk officer (CRO), subject to regulatory approval.
He joins Recognise Bank from Braithwaite, a global money service business, where he was CEO designate for its UK banking start-up.
Wilson has more than two decades of experience in the UK and EU banking sectors, including risk management.
His previous employers include RBS, Barclays Wealth Management and Santander. Wilson has also held consulting roles and been involved in fintech start-ups.
In his most recent role, Wilson led the preparation of the company’s banking licence application and the regulatory business plan. As the CRO of Recognise Bank, Wilson will oversee the governance of the lender as it progresses towards profitability and delivering good value to customers and stakeholders.
Wilson said: “I am delighted to join the Recognise Bank team at this pivotal moment. I look forward to contributing to the bank’s next stage of growth and am excited to work with a team that has such a wealth of experience and knowledge.”
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Simon Bateman, incoming CEO of Recognise Bank, added: “It is a pleasure to welcome Simon as CRO. His proven track record in risk management across the banking sector will be an invaluable asset to the team.
“We are confident that his expertise will help us on our journey towards profitability while continuing to enhance the value we provide to our customers.”
£25m investment for Recognise Bank
Earlier this week, the lender announced that it obtained a £25m investment from its majority shareholder, Parasol V27.
The new capital will support Recognise Bank’s five-year financial plan and brings the total raised by the bank to more than £120m. The investment will drive its growth across multiple product sectors.
Bateman was also announced as chief executive, joining from Nomo, where he was CEO for a year-and-a-half. He has more than 30 years of experience in financial services.
