Changes are afoot with The Bank of London, Global Processing Services, Oxford Nanopore Technologies and TransferGo announcing staff moves and new faces.
The Bank of London, a clearing, agency, and transaction bank, has appointed Tam Holmes as its Co-President & Group Chief Product Officer and Member of the Group’s Executive Management Committee.
Global Processing Services (GPS), a payment technology platform, has announced the promotion of Joanne Dewar to Vice Chair. Kevin Schultz has also been appointed as Chief Executive Officer, effective immediately.
Biotech firm Oxford Nanopore Technologies says Duncan Tatton-Brown will be joining the Group as Non-Executive Chair with effect from 1 August 2022. He will succeed Peter Allen, who will retire from the Board on 31 July 2022.
Money transfer company TransferGo has hired Viktor Lysyuk as its new Global Head of Banking Infrastructure.
The Adventures of Tam Holmes
Prior to The Bank of London, Holmes spent five years at 10X Banking where he served as Chief Product Officer and Chief Development Officer.
Previously, he was the Head of Digital Security and Fraud at Lloyds Banking Group, where he also served as Head of Programme Delivery for Digital Banking. Holmes was responsible for the re-platforming of Lloyd’s digital banking stack, as well as the design of digital fraud and security controls.
The Bank of London launched in November 2021 as the sixth principal clearing bank of the UK, and only the second clearing bank in 250 years. With a $1.1 billion (£842 million) valuation, it says it is the first pre-revenue bank in history to attain ‘unicorn’ status upon debut.
It has headquarters in London and offices in New York and Belfast. Last month, The Bank of London said it will open a Centre of Excellence in Belfast, creating 232 new jobs by 2026.
GPS Found Here
According to GPS, Dewar will maintain her position on the GPS board, where she will focus on the group’s growth and global profile, and continue to work alongside Chair, Gene Lockhart, in a newly created Office of the Chair. She had been CEO at GPS for over four years.
Schultz most recently served as Fiserv’s Group President of Digital Banking. Prior to Fiserv, he served as President, Global Financial Services at First Data, following nearly 16 years at Visa, where he built out the debit processing business, Visa DPS.
GPS is a payments processing partner for many notable fintechs, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy. The paytech says it has issued millions of physical and virtual cards, enabled in over 48 countries, and processes billions of transactions on its API-first cloud-based platform.
In January, GPS revealed the closing and upsizing of its latest fundraise at over $400 million (£291 million). The payments company has offices in London, Newcastle, Singapore, Sydney and Dubai.
Oxford and Cambridge
Oxford Nanopore Technologies provides molecular sensing technology based on nanopores.
Tatton-Brown worked as Chief Financial Officer of Ocado Group from 2012 to 2020. He remains a Senior Advisor to Ocado and currently also serves on the Boards of Cazoo and Trainline. He holds a master’s degree in Engineering from King’s College, Cambridge.
In March, there were mixed fortunes for the biotech company with a rise in both revenue and losses.
In its preliminary financial results for the 2021 fiscal year, the report revealed the firm’s revenue increased from £113.9 million in 2020 to £133.7 million. However, the company’s losses ballooned from £61.2 million in 2020 to £167.6 million in 2021.
Viktor-y for TransferGo
Lysyuk has over 12 years’ experience brokering and negotiating deals in fintech and banking. Most recently, as Partner Network Head for Europe and CEMEA for Visa, he expanded the payment-to-account ecosystem for Visa Direct.
TransferGo works with banks, financial institutions and fintech players, and offers its global network to a migrant customer base.
In February it got funding in a way. The fintech firm announced the sale of secondary shares, valued at €6 million (£5 million). This transaction follows TransferGo’s $50 million (£37 million) Series C fundraise late last year.
The firm has offices in London, Vilnius, Kaunas, Warsaw, Krakow, Berlin and Istanbul.