OakNorth听叠补苍办听is to appoint听Rajesh Gupta as CFO.听
Gupta will join the UK bank,听powered by听OakNorth,听pending regulatory approval.听听
He听has spent the last five and a half years as CFO of听Kensington Mortgages, a specialist non-bank mortgage lender in the UK.听
Prior to Kensington, he had a 21-year career with General Electric where he held various positions including CFO of GE Capital Bank UK, CFO for GE Money Bank in the Czech Republic and听head of听financial听planning and听analysis for the EMEA Region.听Combined, these saw him oversee听$62bn worth of assets.听
Gupta听takes over from Cristina Alba Ochoa,听who joined the听bank as its CFO in April 2017.听She听is moving to Barcelona to be closer to听her听family听and will take up a new role at听OakNorth.听She听will remain听as听CFO until听Gupta听joins.听听
Rishi Khosla, CEO and co-founder of听OakNorth听叠补苍办, said:听鈥淩ajesh has a wealth of CFO experience, leading institutions with assets up to 10 times that of听OakNorth听叠补苍办.听听
鈥�In the five years since we launched,听OakNorth听叠补苍办 has lent over 拢4.5bn to hundreds of businesses across the UK, directly contributing to the creation of tens of thousands of new homes and jobs across the country.听听
鈥�However, we aim to have a much larger impact in the years to come, so it is essential that we continue strengthening our leadership team.听听
鈥�We鈥檙e excited to have Rajesh on board and look forward to welcoming him in the coming months.鈥�听
Launched in September 2015,听OakNorth听叠补苍办 has听achieved performance metrics that place it amongst the top 1% of banks in the developed world.听Its pre-tax profits increased 95% in 2019 to 拢65.9m.听听
Gupta said:听鈥�I鈥檝e been following听翱补办狈辞谤迟丑鈥檚听叠补苍办鈥檚 incredible growth story for the last few years, so am excited to now be a part of it and be joining at such a seminal moment for both the company and the country.听听
鈥�In a relatively short time,听OakNorth听叠补苍办 has grown into what is arguably the most successful new bank in the UK and the fastest-growing businesses in Europe.听听
鈥�I have been very impressed by the passion and energy of the people I have met at听OakNorth听鈥� this is a great strength.听听
鈥�Rishi and Joel established the bank to provide financing to the underserved sectors of the SME space and in the wake of the COVID pandemic, this proposition is now听all the more听critical.鈥�