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LHV UK strengthens the team to support its UK banking licence application, appointing a CFO, CRO and CPO


LHV UK, Banking Services provider for FinTech companies, is pleased to announce the appointment several senior positions: Gary Sher as the Chief Financial Officer; Assad Kazi as the Chief Risk Officer and Rebecca Wright as the Chief People Officer.

LHV UK is expanding its management team to support its ambition to found the UK’s FinTech- and SME-focussed bank (announced November 2020) to help them towards the next stage of growth.

Gary Sher, an accomplished finance professional with global leadership experience, will lead LHV UK’s financial management. Gary has been the Finance Director at Starling Bank and held senior positions at other fast growth private equity-backed companies operating within listed and regulated markets, including a number of successful M&A processes and an IPO. Gary will also be on the Board of Directors of LHV UK.

Assad Kazi joined LHV UK from Deloitte, where he operated as a Director leading the Treasury and Prudential Risk part of the practice in the regions, covering all aspects of the regulatory agenda for a wide variety of institutions. Having operated in the sector for 17 years, Assad is well versed in the regulatory requirements and expectations of both the Prudential Regulation Authority and the Financial Conduct Authority. He has led numerous successful end-to-end banking licence application projects, for a variety of firms ranging from listed entities to start-up firms. With a strong focus on risk management, he possesses a finely tuned understanding of the banking industry and its associated strategic and operational challenges.

Rebecca Wright is a senior HR professional with over a decade of experience supporting board-level executives, across a range of HR disciplines and industries, including fintech, Legal, Banking, Insurance and Consultancy. She joins LHV UK from Token, a leading open banking infrastructure provider, where she served as the Vice President of People. Rebecca began her early career in Financial Services working for first direct, HSBC and Aviva. In recent years, Rebecca has operated at Group HR Director level for businesses that have been PE and VC backed start-ups and on the London AIM exchange including Inspired Energy, Jaywing and Simpson Miller.

Erki Kilu, Chief Executive Officer at LHV UK, said: “I’m thrilled to welcome Gary, Assad and Rebecca to the team. Their appointments further strengthen our senior management and help us in our next stage of growth as we progress with our banking licence application. LHV UK already looks after more than 170 fintech clients with more joining weekly as we add more functionality and services to our client-facing proposition, which includes Euro and GBP payments, Agency Banking, Account Services, Open Banking and Forex solutions.”

LHV is a preferred banking partner amongst fintechs. LHV established a presence in London in 2018 to expand its existing business line of servicing financial intermediaries. It chose London given its status as the undisputed capital of fintech in Europe. LHV offers several innovative financial services to its clients, including Agency Banking, Virtual International Bank Account Numbers (‘vIBAN’), Single Euro Payment Area (‘SEPA’) Payments and Faster Payments, enabling real-time Euro and GBP payments to financial intermediaries.

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