Allica Bank makes three senior hires




Allica Bank has appointed Conrad Ford (pictured above), Andy Carroll, and Chloe Fenton as chief product officer, head of product for payment accounts, and head of marketing respectively.

Richard Davies, chief executive officer at Allica Bank, commented on the new appointments: “It’s testament to our growth and the strength of Allica Bank that we can attract industry leaders like Conrad, Chloe and Andy. 

“It’s exciting to be able to bring onboard their depth of talent and experience to help shape the future of the bank as we develop leading edge product and marketing capabilities.”

Conrad joins the specialist lender from Funding Options, which he founded and where he worked as CEO.

In his new role, he will develop and implement the bank’s future product strategy.

He will bring his substantial experience in lending to further develop Allica’s platform and will be responsible for ensuring a unified product vision, as the bank seeks to deliver a full suite of banking products to support SMEs.

Andy has over a decade of experience building digital products and services for both start-ups and corporates.

Most recently, Andy was the group head of product at international payments specialist Equals Group Plc.

Prior to this, he also held product leadership positions at BCG Digital Ventures and Habito.

In his new role, he will lead the strategy, design and delivery of the bank’s new payment account offering.

Chloe Fenton joins Allica Bank from Liberis, where she was director of marketing.

As head of marketing, she will oversee all marketing activities and will focus on further raising awareness of Allica Bank’s proposition.

Conrad said: “In other areas of running a business, providers like Xero have delivered dramatic upgrades with mobile and cloud technology, and there's no reason why the same can't be done for business relationship banking in conjunction with real human relationships.

“I see no reason why we can't build the best SME bank in the world, right here in the UK, and I’m delighted to have the opportunity to do so alongside this incredibly dedicated team.”

The business bank recently completed a follow-on investment of £26m led by existing majority shareholder, Warwick Capital Partners.

Allica Bank also announced that it is launching a £100m funding round to help it meet the current high levels of demand for finance it is experiencing from British businesses.

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