Crown Agents Bank, a UK-regulated provider of wholesale foreign exchange and cross-border payments services has appointed a new Head of Fintech and Chief Commercial Officer.

According to a statement from the company, David Mountain has joined the bank as Executive Vice President (EVP) and Head of Fintech – a new role for the firm. Joe Hurley has been selected by the bank as Chief Commercial Officer (CCO).

Crown says the new appointments come following a “transformational” 18-month period for the bank, with the launch of new digital financial services and 65% year on year growth in the business.

Mountain will be responsible for M&A and strategy, as well as the use of strategic technology. He previously launched Accucard, an online credit card business that was sold to Lloyds TSB, and is a board member of US-based Fintech ProducePay.

Hurley joins Crown Agents Bank to build the bank’s strategic client coverage and business development. He was previously Senior Vice President and member of the Management Committee at Discover Financial Services, working on M&As and investment in Fintech companies like Marqeta.

CEO of Crown Agents Bank, Bhairav Trivedi, commented on the new appointments:

“My vision for the bank very much involves being a first-mover on developing and offering our clients cutting edge technologies that give them an advantage over their competitors. David’s and Joe’s expertise in the finance sector and their impressive network, built up over years of being at the forefront of the fintech scene, place them in the perfect roles for driving forward Crown Agents Bank’s technology-first strategy.  Particularly in emerging and frontier markets, digital services are a priority, and through David’s and Joe’s leadership, we will continue to achieve – and accelerate – our growth in delivering tech-driven, market-relevant solutions to these often-underserved regions.”

Crown also noted that Steven Marshall will move from Chief Commercial Officer to undertake a newly created strategic role of Chief Product and Network Officer.

Crown Agents Bank is authorized and regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Specializing in emerging markets, Crown provides FX, trade finance, payments, and deposits.

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Source: https://www.crowdfundinsider.com/2021/06/176610-crown-agents-bank-appoints-fintech-head-chief-commercial-officer-as-part-of-expansion/