OakNorth’s CFO to step down from top job

By Aisling Finn on Friday 19 June 2020

Digital Banking

Cristina Alba Ochoa will remain in the role for at least the next 12 months before she assumes a new position within the fintech.

OakNorth’s CFO to step down from top job
Image source: Cristina Alba Ochoa/OakNorth

OakNorth’s chief financial officer, Cristina Alba Ochoa, is to step down from her role, as first reported by Sifted.

In a statement, a spokesperson for OakNorth said: “Due to personal reasons Christina intends to move back to Barcelona to be closer to family.”

“She will be moving there permanently in due course but will remain CFO at OakNorth Bank for at least the next 12 months.”

Despite stepping down from the role of CFO of OakNorth Bank, Alba Ochoa will remain within the business.

The soon-to-be-former CFO will assume a role within another part of the fintech following the appointment of her replacement, for whom OakNorth is currently on the hunt for. 

Before assuming the top position at OakNorth Bank in 2017, Alba Ochoa spent 18 years at GE Capital in a variety of roles, including CFO, and facilitated the management of over $100bn in sales.

Under Alba Ochoa’s rule, OakNorth became the first challenger bank to reach profitability back in 2017.

Since then, the digital bank has seen a continued increase in its profits, reaching £65.9m pre-tax profits in 2019, nearly double that of 2018.

OakNorth was also one of the first fintechs to gain CBILS accreditation and its CEO Rishi Khosla is still mulling the idea of an acquisition.

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