Challenger bank names new chairman

Cambridge & Counties Bank has announced that Simon Moore will be its new chairman.

Simon becomes the challenger bank’s second chairman after succeeding Paul Davis.

Simon has served as a director of Cambridge & Counties since its launch in 2012 with experience as regional chairman at Barclays Corporate.

“To be asked to take over as chairman is a huge honour and a privilege. Paul has been visionary; without him the bank would not have come into existence. He set the tone and continues to be a tremendous challenger and supporter. 

“Paul is a gifted chair who will be a hard act to follow and we are delighted he remains on the board as a non-executive director and vice-chairman.”

Simon said he was attracted to the challenger bank due to its professional organisation and was pleased by the approach of hiring very experienced colleagues focused on delivering great customer service.

“Getting it right for the customer, first time and quickly, is important to Cambridge & Counties. 

“We were 12 people at the start and are now approaching 120 yet, crucially, the culture has been preserved. 

“We’ve grown the deposits, grown the loan book and we continue to aim for steady growth, while maintaining our focus on the customer, on our staff and a positive relationship with the regulator.”

Speaking about the reasons behind the appointment, Mike Kirsopp, CEO, added: “Simon is an excellent choice as chairman who will continue Paul’s defining leadership, which has been instrumental in the launch and successful first years of Cambridge & Counties.”

Cambridge & Counties became profitable after 13 months of trading and has passed the £600m deposit landmark as well as producing a loan book in excess of £500m.

Simon concluded by saying that Cambridge & Counties was helping to create a strong banking sector to support British businesses. 

“The executive team has evolved significantly since launch. 

“People arrived, some have risen up through the ranks and joined a board that is incredibly strong, mature and where there is robust challenge and remarkably constructive conversation. 

“It’s absolutely the best boardroom I have worked in.”

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