Bank of London appoints a new chair for Europe

The Bank of London has appointed Norbert Becker as chair of the European Union region for the firm.

Becker is also chairman of PayPal Europe, having been a board member since 2007, as well as chairman of The Administration des Biens du Grand-Duc, which oversees the Grand Duke of Luxembourg’s private assets, and group chairman at Lombard International Assurance.

He brings a wealth of experience and knowledge of both the Luxembourg and wider EU environment to his new position at the Bank of London.

“Norbert is an inspiring strategic leader and I’m beyond delighted to have him join our firm in this critical role,” Bank of London founder and group CEO Anthony Watson said.

“Joining us at this pivotal point, Becker’s extensive knowledge of the Luxembourg and wider EU environment coupled with his over three decades of international experience will be invaluable for our growth.”

The sixth principal clearing bank in the UK seems to be on a growth spurt, having extended its Series C raise by $40m to reach $160m just last week.

According to the bank, it retained its valuation of $1.1bn which it reached in December 2021.

“The Bank of London is unique. Its products and services are game-changing,” Becker said.

“I’m excited to be joining this transformative firm during the first year of its evolution, and I look forward to working closely with Anthony advising on geographic expansion and the business growth opportunities Luxembourg and the wider EU has to offer.”

The bank of London also made a number of other senior hires last year to bolster its leadership team heading into 2023, including Tom Wood as its deputy CEO and Gavin Hewitt as group CFO.

It also aims to hire thousands of new employees over the next few years, predominantly in London but also in the US and Northern Ireland.