Bank North continues to expand team as business accelerates

Bank North, the UK's first truly regional business bank of the modern era, has appointed a Head of Valuations, Head of Financial Reporting and Financial Control, interim Head of Underwriting, and acting Treasurer, along with three other key hires.

Chris Weights joins as Head of Valuations, Adam McNichol as Head of Financial Reporting and Financial Control, Andrew Gornall as interim Head of Underwriting, and James McCulloch as acting Treasurer. Also joining are Raja Abdullah, Data & Business Intelligence Manager and Tom Shillito, Lending Associate.

Chris Weights joins as Head of Valuations and will be a crucial player in ensuring fair loans to SMEs while managing Bank North's risk portfolio. Before joining Bank North, Chris served as Commercial Property Risk Manager at Aldermore Bank PLC and has experience at real estate multi-national CBRE, and leading UK commercial property consultants Matthews & Goodman. After training as a surveyor, Chris now has 20 years of experience in the valuation industry and has worked on some of the largest landmark property deals in the Midlands and North West, further strengthening Bank North’s unrivalled regional knowledge as well as bringing vast valuation experience.

Andrew Gornall joins as Bank North’s Head of Underwriting after a successful 38-year career at banking giant Barclays, most recently serving as Head of ESHLA leading a national portfolio of Education, Social Housing, and Local Authority clients. After joining in 1983, Andrew rose through the ranks, holding a variety of regional managerial roles, including Head of Business Relationships for the North West, Scotland and Northern Ireland and Head of SME for Merseyside, North Wales and the Shires , in which Andrew led a team responsible for supporting around 6,000 SMEs. Andrew brings unrivalled senior banking experience and has a track record of building and developing new teams and talent while delivering high client satisfaction. Andrew will play a key role in developing Bank North’s underwriting teams as the Bank continues to grow.

Adam McNichol joins as Head of Financial Reporting and Financial Control and is responsible for leading a team that ensures the accuracy and integrity of Bank North’s key financial systems. Adam joins from Skipton Building Society, where he had initially worked in the Treasury Capital Markets team on the execution of wholesale funding transactions, with a later role as the Head of Financial Control. Prior to his time at Skipton, Adam spent the first 12 years of his career in London where he qualified as an accountant at PricewaterhouseCoopers before working in investment banking and fund management.

James McCulloch has been appointed acting Treasurer and will provide the leadership team with overall financial oversight. James previously served as Deputy Head of Treasury for the Cumberland Building Society, after spending more than a decade working in various planning roles in the Armed Forces and Ministry of Defence.

Raja Abdullah has joined as Data & Business Intelligence Manager and will support the team by producing regulatory and insight reports, as well as streamlining Bank North’s reporting structure. Before joining Bank North, Raja was a Senior Management Information Analyst (Capital & Planning) at The Co-operative Bank, with previous experience at fashion brand Misguided and Habib Bank – as well as inspiring the talent of the future as a visiting lecturer at The University Salford.

Tom Shillito joins as a Lending Associate and will work with the Manchester Pod team to ensure swift and fair delivery of loans to SMEs. In his previous role, Tom worked as a Junior Broker at professional services giant, Aon. Tom joins with a lot of energy to explore the theory he gained through his master’s degree in Banking and Finance from Newcastle University and apply it in the real world.

The new hires come as Bank North continues to deliver tailored loan facilities up to ten times faster than the banking establishment to SMEs. Bank North is on course to set up similar lending pods in major UK cities, housing lending specialists and decision-makers. Bank North’s goal is to service SMEs looking to borrow between £500k - £5m. Combining technology with face-to-face expertise, the bank aims to bring empathy back to the lending market, whilst powering UK business by executing transactions locally, at pace and delivering finance which is tailored to the individual borrower’s requirements. The Bank North team are also working hard to deliver a leading savings offer to UK consumers with the launch of their first savings products in the summer of 2022.

Jonathan Thompson, Co-Founder and CEO of Bank North said:

Chris, Adam, Andrew, James, Raja and Tom join Bank North at such an exciting time in our journey – and this bumper round of appointment announcements is testimony for the momentum in the business. Our new colleagues bring a huge range of experience from right across the banking ecosystem and I look forward to working with them as we look to open new lending pods and begin to welcome savers to Bank North. The success of Bank North depends on continuing to attract top talent to the business, and the range of experience on the CVs of our team shows the brightest and the best are keen to join our mission to deliver loans and savings accounts, closer, faster, fairer.
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Bank North Limited is authorised by the Prudential Regulation Authority and authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 848024). Bank North Limited is a company registered in England and Wales (company number 11030672) and its registered office is Suite 20A, Manchester One, 53 Portland Street, Manchester, M1 3LD.

Bank North has been Authorised with Restrictions since 24th August 2021, at which point the firm entered a phase known as mobilisation. During this phase, the bank will be undertaking lending activities but will not be accepting customer deposits.