- Anthony Watson is stepping down as CEO to become a senior adviser at the bank. He will remain a non-executive director and shareholder of the group’s holding company.
- Stephen Bell, the bank’s chief risk and compliance officer, will become the new CEO, pending regulatory approval.
- Watson described this decision as “challenging” but believes it is the right time after eight years leading the company.
- The Bank of London, founded in 2021, provides clearing services to over 4,500 businesses in the UK and aims to expand in the EU.
- The bank applied for an EU banking licence in July 2022 and pledged to invest €200 million in Luxembourg and the region, though no updates have been provided regarding the application.
