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Bank of London hires ex-Shawbrook boss as deputy CEO

Less than a year since its launch, the Bank of London has big plans to hire globally and has made its first important senior appointment.

a man in a suit

Tom Wood/Bank of London

The Bank of London, a new challenger clearing bank, has hired Tom Wood as its first deputy CEO for the UK.

Wood previously held a number of senior roles at UK banks including Northern Rock as Co-op. He joined Shawbrook in 2021 as its chief financial officer, later becoming CEO. 

During his time at Shawbrook Bank, he also led the bank through its successful IPO in 2015.  

More recently, he has been a senior advisor to leading global PE funds and Consultancy businesses, specialising in strategy, M&A and business transformation.

In the newly created role, Wood will be driving the strategic and commercial operations of the UK bank and He will be reporting directly to group CEO and founder, Anthony Watson.

“Tom brings a wealth of experience to The Bank of London. He’s built and scaled banks, and with his extensive B2B commercial experience has moved financial services innovators into new markets with rapid, yet sustainable growth. Additionally, he has the tenacity of an entrepreneur honed from his extensive board membership at experience-driven scale-ups and start-ups. I’m delighted to have him join the team,” said Watson."

A former Barclays’ chief information officer for Europe, Watson landed £68m of equity funding in November 2021, with the round valuing the pre-revenue business at a unicorn valuation. 

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