Allica Bank appoints head of deposits

In his new role, he will develop the bank’s range of savings accounts, as Allica Bank diversifies its product offering.

He has over 10 years of experience working with small- and medium-sized businesses in the financial service industry.

Lawrence joins from Aldermore, where he was head of propositions.

He stated the role at Allica Bank represented a rare opportunity to help craft a bank’s offering from the start.

“I believe that there’s a gap in the market to create saving products that will add real value to customers, who may not be getting the service they deserve elsewhere,” he added.

Mark Stephens, CEO at Allica Bank, commented: “…We want to develop meaningful, long-term relationships with our customers, and create an environment that gives small- and medium-sized businesses the tools they need to prosper.”