Kerry, the Bank’s Operations Director has assumed responsibility for the Bank’s HR and IT. She replaces David Beale who has retired after 11 years with the Bank.

Kerry joined Raphaels in 2008 as Financial Director for Southern Finance, the lending partner of the Bank. Since this time she has seen Southern Finance become fully consolidated within the Bank and become a key driver in its development.

Prior to joining Raphaels, Kerry spent five years with ABN Amro and RBS where her roles included Capital Product Control working on the Basel II transition. Kerry qualified as a Chartered Accountant with Arthur Andersen in 2003.

John Quitter, Chairman, Raphaels Bank, commented, “I am delighted that Kerry has accepted her nomination to the Bank’s Board, she has played a crucial role in the development of the Bank into the successful niche financial service business it is today.”

Miles Roberts, Chief Executive Officer, Raphaels Bank added “Kerry has been a valuable member of the Raphaels Executive Committee and her appointment to the Board underlines her strong experience and the significant contribution she has made to the Bank’s continued growth.”

Kerry Penfold also commented “My appointment demonstrates the Bank’s commitment to internal development and investment in its people, a philosophy I intend to uphold within my HR strategy.”