ClearBank hires ex-Zopa chair to lead group-level board

Clearbank has appointed ex-Zopa chair Peter Herbert as its new ClearBank group chair. 

Herbert joins after nearly six years as chair of Zopa and also still holds the position as chair of Bank of Ireland (UK). 

Alongside the appointment, Clearbank has added three other new group board members: Tim Wade, Richard Anderson and Susanne Hannestad (pictured) as it gears up its international growth plans over the next 12 months.

“ClearBank is a business with great ambitions, keen to build on the success we’ve enjoyed since our founding less than a decade ago,” said Charles McManus, Group CEO at ClearBank.

Tim Wade, who is also chair of the audit committee at Royal Bank of Canada Europe and Virgin Money, takes up the post of senior independent director and group chair of Clearbank’s audit committee. 

Richard Anderson is the group chair of Clearbank’s risk committee. Until recently he was the non-executive chair at Banking Competition Remedies and is a former Chair of the risk committee at Pay.UK.

Susanne Hannestad also holds board positions at Triodos Bank, Monty Mobile, Crunchfish and Zimpler and will be a non-executive director at Clearbank.

Clearbank offers secure accounts, real-time clearing and embedded banking for financial institutions to its c.200 clients which include the likes of Raisin and Chip.

It reported its first full year of profitability in September with revenues doubling year-on-year.