RBS innovation chief exits to lead proptech Coadjute

Dan Salmons, who has over 25 years of banking experience, will help property-focused Coadjute scale and innovate its network ahead of its launch later this year.

Former director of innovation for home buying & ownership at Royal Bank of Scotland (RBS) Dan Salmons has been appointed CEO of blockchain-powered proptech Coadjute.

Salmons has over 25 years experience in the banking industry, having previously worked at Barclays, Capital One and PayPoint.

At RBS, which he left in April 2020, he led the bank’s multi-million-pound investment in mortgage APIs, projects to digitise and automate the broker and customer experiences and initiatives in AI and blockchain.

As well as a wealth of experience, Salmons has also been instrumental in a range of financial services innovations including the roll-out of contactless cards, the UK’s first contactless payments phone and one of the first apps launched on the Apple watch. 

While it may seem like an odd time to scale a property-based fintech, Coadjute hopes to scale and innovate its blockchain network, with the help of Salmons, ready for its official launch later this year.

The open network will enable people involved in the property process to share messages and synchronise events to help reduce costs and increase the level of connectivity in the property industry.

Dan Salmons, CEO of Coadjute, said: “In these difficult times, it’s inspiring to become part of a company which is at the forefront of helping revitalise and strengthen the housing market through the application of the best technology.”

Salmons’ appointment also follows the announcement that Rees Watkins, formerly CTO of financial planning fintech Smartr365, has joined Coadjute as CTO and John Reynolds, founder and interim CEO, is to move into the role of COO.