A summary of some of May's appointments, hires and promotions from across England, Scotland and Wales.
London & the South
Finance heavyweights join OakNorth board
Navtej S. Nandra and Edward (Ted) Berk have both been appointed to the board of challenger bank OakNorth as non-executive directors. They will join OakNorth co-founders, Rishi Khosla and Joel Perlman, as well as Cyrus Ardalan (chairman), Graham Olive (deputy CEO), Cristina Alba-Ochoa (CFO), and non-executive directors, Robert Burgess, Ajit Mittal and Gagan Banga, on the board. Lord (Adair) Turner, and Lord (Francis) Maude are on the bank’s advisory board.
Nandra was formerly the president of E*TRADE Financial Corporation, the leading online US brokerage firm with over US$300bn in customer assets. Prior to joining E*TRADE, he was CEO of Morgan Stanley Investment Management Ltd., and served on various boards including Morgan Stanley Huaxin Fund Management Company, and Morgan Stanley International.
Ted Berk is a faculty member in the Finance Unit at Harvard Business School, the institution from which he graduated with an MBA as a Baker Scholar and Siebel Scholar in 2001. He retired as managing director of Bain Capital, one of the world’s leading alternative investment firms, in 2016 after spending nearly 20 years as a private equity investor.
Commenting on the news, Rishi Khosla, CEO and co-founder of OakNorth, said: "Both Navtej and Ted have exceptional track records in growing and leading renowned, international businesses. In the last two years, we have achieved a huge amount and as we look ahead to the future, we need to ensure this momentum is maintained. Their diverse and broad experience will be invaluable as we continue to build OakNorth and solve the challenges of the lending market.”
Farley named new Judopay chief
Judopay, the London based AppCommerce payments platform, has announced the appointment of Ryan Farley as its new CEO. The announcement comes as Judopay secures reinvestment from key shareholders having exceeded growth expectations over the past year.
Previously chief product and commercial officer, Farley will now focus on building a fully customer-centric approach for Judopay’s leading in-app mobile payments solution in EMEA and the US across key verticals. Farley replaces Dennis Jones, who is stepping down.
Farley said:“Dennis has been a devoted leader of Judopay, bringing the experience and technical expertise that has inspired the development team to create our market leading product. It is an honour to take the reins of Europe’s only mobile-first payments provider and Dennis will remain as a valuable advisor as we drive adoption of Judopay’s innovative solution. My primary goal is to delight clients by differentiating Judopay from competitors with a business environment focused on making customers stay with us because they want to, not because they are locked into a contract.”
Luxonic appoints first female director
Basingstoke-based Luxonic, a designer of lighting solutions, has welcomed its first female director to the board, promoting Tina Batsford to financial director. Having joined in 1992 as an accounts assistant, Tina has seen the company expand from less than 40 employees to a thriving workforce of over 160. After assuming responsibility for finance and HR teams as financial controller in 2013, the recent promotion to financial director means Tina now sits as the first female member on Luxonic’s board.
RateSetter names Manduca as non-executive chair
Peer-to-peer lending platform RateSetter is pleased to announce that Paul Manduca has been appointed as non-executive chairman. Manduca will join the board on 1 June ahead of becoming and will become chair on 17 July, when current chairman Alan Hughes’ three-year term expires.
Manduca is chairman of the global FTSE 100 insurer Prudential. His distinguished career in asset management included founding Threadneedle Asset Management and serving as CEO at both Rothschild Asset Management and Deutsche Asset Management. As a non-executive, Manduca has held senior positions in both financial services and other sectors, including at Wm Morrison. He also chairs the Advisory Council of TheCityUK.
Thornton-Smith joins Cult Wines
Cult Wines has announced the appointment of Patrick Thornton-Smith as a non-executive director and member of the firm's global management team. Patrick’s appointment will support the firm’s record-breaking growth levels which have been driven by rising global demand, particularly in the UK and Asia.
Prior to joining Cult Wines, Patrick was managing director at Duco Technologies, the global fintech provider of data control services. He has over 30 years of experience in the global derivatives post-trade and OTC cleared swap markets. Patrick’s career has also included positions at Barclays Capital, ICAP and a range of technology firms including SunGard, FFastFill, MarginClick and Rolfe & Nolan. He has spent a number of years living in the US.
Thornton-Smith said: “This opportunity for growth is very exciting as the mixture of the firm’s investment model, investor returns, global potential and industry recognition are all great signs for the next stage of expansion. I am looking forward to joining the team.”
Byrne and Partners promotes two associates to partner
Byrne and Partners LLP has announced the promotion of two associates to its partnership. Joining the partnership are Emma Brooks and Adam Zoubir.
Emma is part of the criminal defence team at Byrne and Partners and specialises in corporate fraud, white collar crime and regulatory work. She has advised and represented a number of clients in relation to allegations of serious fraud, corruption and money laundering. Emma notably acted for the Directors of London based oil and gas company, Soma, in relation to the SFOs investigation into allegations of bribery and corruption as well as a defendant charged by the SFO in connection with LIBOR fixing prosecution. Emma also has significant experience representing solicitors and medical professionals in front of their regulatory bodies.
Adam is a barrister and a member of the commercial litigation team. His practice comprises high value, complex disputes, with a focus on civil fraud, banking and insolvency matters. Recently, Adam was part of the Byrne and Partners team that successfully represented prominent businessman Abdourahman Boreh in Commercial Court proceedings brought by the Republic of Djibouti for damages in excess of US$125m. He is currently acting for a hedge fund in a Commercial Court breach of contract claim against Merrill Lynch International.
Stephen Jones named UK Finance CEO
Former chief financial officer of Santander, Stephen Jones, has been named as the head of the new trade association UK Finance. The new banking group, which will merge the British Bankers’ Association, Council of Mortgage Lenders, Payments UK, Asset Based Finance Association, UK Cards Association and Financial Fraud Action UK.
UK Finance will be legally created on 3 July and aims to represent the UK finance and banking industry. The group seeks to “play a constructive and effective role” in ensuring the future health of the financial services industry in the UK.
Jones was previously a managing director and head of investor relations at Barclays, as well as the finance boss at Santander between 2012 and 2015 and a member of the Santander UK board until October 2015. He has also worked at Citigroup and Schroders.
He is currently a senior adviser at Cerberus Global Advisors and the chairman of Capital Home Loans.
Simpson appointed managing partner of Hunton & Williams
Global law firm Hunton & Williams has appointed Aaron Simpson as the managing partner of its London office, based at 30 St. Mary Axe (The Gherkin).
Simpson, who will succeed Bridget Treacy in the role, brings with him a wealth of experience in privacy and cybersecurity law, having been a leader of the firm’s renowned practice for many years, first in New York and now in London.
His perspective and experience developing this global practice over the past decade will be instrumental to the firm’s continued growth in London.
“I’m excited to be taking on such an important role for the firm. The UK is a critical market for so many of the firm’s clients, and the years ahead promise to present many challenges and opportunities,” said Simpson.
He added: “It is clear that under Bridget’s leadership our office in London is in a fantastic position to help our clients overcome those challenges and take advantage of the opportunities. I look forward to ensuring the great work in the UK continues. Our future is bright and I’m delighted to have the chance to help take us there.”
Geoghegan named Orbital Access chair
Orbital Access, a UK-based launch systems and aerospace services business, has appointed Chris Geoghegan as chairman. Geoghegan has over 30 years experience in the aerospace industry having spent most of his career in the commercial division of BAE Systems, where his last role was that of chief operating officer.
Geoghegan said: "I am delighted to be part of the Orbital Access team. I have spent much of my business life in the aerospace sector and know what tremendous potential it has. Orbital Access is unique in the emerging space sector.
“We have ambitious plans to develop game changing launch technology, whilst underpinning the operational overhead of the business by developing revenue generating services at spaceports around the world. I will be glad to steer Orbital’s course to success in this field.”
Kettner appointed Company Watch CEO
Jo Kettner (née Roberts) has been named as the new CEO of Company Watch, taking over the firm’s leading executive role from co-founder and former CEO Denis Baker who remains with the firm as a board director and full-time member of staff.
Since 2003, Kettner has held a number of roles at Company Watch. Initially working on the research side of the business while completing undergraduate and post-graduate doctoral studies, in 2009 she joined full time as head of operations, before assuming the role of director of finance and corporate affairs in 2014.
She said: “This is a very exciting time at Company Watch. In the coming months we’ll be releasing a completely revamped product. With all the economic uncertainties including Brexit, businesses have to be even more vigilant when extending credit or taking on new clients.”
Alsop and Scalzone join Hampshire Trust Bank
Hampshire Trust Bank has announced the appointments of Ian Alsop as head of underwriting in the commercial mortgages team and Vincenzo Scalzone as head of broker in its asset finance division.
Alsop has more than 20 years’ experience of all types of property lending. He has recently focused on investment and development transactions in the personal and SME buy-to-let, mixed use and commercial sectors.
Vincenzo on the other hand has 20 years’ asset finance experience, was head of supplier sales at Shire Leasing and previously worked at companies including CIT, De Lage Landen and GE Capital.
Whittingham joins Heartwood Investment Management
Heartwood Investment Management has announced the appointment of Chris Whittingham as its new intermediary client director. In his new role, Chris will help develop and manage Heartwood’s financial adviser business solution and distribution strategy.
Whittingham joins Heartwood from AV Trinity Ltd where, as business development manager, he was responsible for implementing business development plans with new initiatives and developing new client relationships.
Prior to this, he was regional sales manager at Novia Financial where he was tasked with developing the company’s presence in the South East. Chris has also worked at Zurich Intermediary Group as Senior Sales Manager. He began his career as a Broker Consultant with Equity & Law Life Assurance Society plc.
He said: “I am thrilled to be joining such a widely-experienced team at Heartwood Investment Management. In a crowded sector, I believe Heartwood’s approach to working with financial planning firms, anchored around a highly competitive, investor centric investment proposition will play a key part in helping financial planning firms flourish and deliver improved investment outcomes for their clients. Heartwood’s strong investment track record and fast growing client base makes this an exciting time to join the firm and I look forward to being part of Heartwood’s future.”
Holloway named Portsmouth Property Association chair
Chartered surveyor Tom Holloway has been named as the new chairman of the Portsmouth Property Association (PPA) for 2017. Holloway is a director at long established independent chartered surveyors and commercial and industrial property consultants Holloway Iliffe & Mitchell.
South coast born and bred Tom, whose firm is based at Acorn Business Park, Portsmouth, said one of his aims during his year in office was to raise awareness of the PPA across the region. He said: “The PPA is packed with experts and industry professionals right across the world of property – and we need to shout about it.
“I want the PPA to be regarded as the ‘go to’ place for advice, guidance and information – as well as networking with like-minded people to discover best-practice solutions to the problems so many of us face.”