CivilisedBank strengthens Board27/11/2018
CivilisedBank (‘the Bank’), the digital SME bank with relationship managers, announces the appointment of Rajan Kapoor to the Board as Non-Executive Director and Chair of its Audit Committee as well as its Remuneration Committee. Focused on the UK SME market and funded by SME and retail savings, CivilisedBank will serve businesses through working capital solutions and cash management, including loans, asset finance, savings and payment services.
Rajan Kapoor was Financial Controller of the Royal Bank of Scotland Group and held a number of senior finance positions in a 28-year career with the bank.
He has wide-ranging experience across all aspects of banking including external reporting, financial planning and analysis, asset and liability management, taxation and stress testing. In addition, Rajan has extensive experience of financial and regulatory reporting in the UK and US with a strong background in internal financial controls, governance and compliance. He is a Non-Executive Director and Chairman of the Audit Committee of Charter Court Financial Services Group.
Mark Stephens, Chief Executive Officer at CivilisedBank, said, “Rajan has extensive experience of finance gained at leading UK financial institutions and he will be a great addition to the Board. CivilisedBank will be unique in providing business specific service excellence from a dependable bank operating on the best of technology, and Rajan’s finance and internal controls expertise will be crucial as we finalise our build phase and prepare for launch.”
Rajan Kapoor, Non-Executive Director, added, “CivilisedBank has a unique offering which, following its launch in 2019, is set to make banking better for the SME market, and I am delighted to be joining the Board.”
The appointment comes ahead of the Bank’s expected launch in 2019.