Bank of London appoints Gavin Hewitt as group CFO

Gavin Hewitt is joining the Bank of London’s executive team as group chief financial officer (CFO).

Hewitt will lead all accounting, finance and corporate treasury for the group, supporting the delivery of its commercial strategy.

He will take up the new role by the end of January following seven years at Silicon Valley Bank where he was CFO for the UK and EMEA.

Prior to his time at Silicon Valley Bank, Hewitt held a number of CFO roles at HSBC in both its UK and European divisions as well as senior financial roles across several Barclays divisions.

“Gavin has an excellent track record as a senior financial services executive, and brings substantial experience from across the banking and financial services sectors in both established and new ventures,” Bank of London co-president Rebecca Skitt said.

It has been a big year for the Bank of London, which was founded last year as just the second clearing bank in the UK in 250 years, and has seen expansion across the board.

Hewitt joins recent hires former Metro Bank deputy CFO Marc Jenkins and ex-Shawbrook CEO Tom Wood at the executive level as the bank looks set to onboard hundreds of new employees after investing millions in a new Belfast hub.

The bank also joined the Bacs network just a few weeks ago to allow account-to-account payments between UK banks.

“Joining The Bank of London is very exciting, especially at a time when building a scalable platform and sustainable financial performance and resilience will be key to growth,” Hewitt said.

“As a CFO, the need for a more efficient, borderless payments infrastructure is clear. I’m looking forward to getting started and building a passionate team to support that vision.”