nCino, the worldwide leader in cloud banking, today announced that is has appointed Spencer Lake to its Board of Directors.
“We are delighted to welcome Spencer to our Board and view his distinguished track record of delivering strong results for major financial institutions as a great asset to nCino,” said Pierre Naudé, CEO of nCino. “Spencer’s intimate knowledge of the global banking industry, its processes and people, will help us further execute on our mission of transforming financial services through innovation, reputation and speed as nCino continues to expand globally.”
Most recently, Lake was with HSBC where he served as vice chairman of global banking and markets. During his decade-long tenure there, Lake held several senior roles globally in debt capital markets and acquisition finance; global markets, including FICC, equities and research; and capital financing. Prior to HSBC, Lake spent 17 years at Merrill Lynch in New York, Hong Kong and London, in senior roles spanning real estate finance, investment banking and debt capital markets. Before Merrill Lynch, Spencer worked at JP Morgan in real estate investment banking. In addition to serving on nCino’s board, Lake is also on the board of numerous other financial services companies and holds senior advising positions at several private software companies. He holds a B.A. in international finance and marketing from Suffolk University, Massachusetts and an M.B.A. from New York University's Stern School of Business.
“nCino’s Bank Operating System offers incredible benefits to financial institutions and their customers who are looking to leverage technology to address the many opportunities and challenges in today’s banking environment,” said Lake. “This is an exciting opportunity to help the team deliver on its mission and vision, and I’m excited to work with this well-regarded Board to drive the Company’s next phase of growth.”
This board appointment follows recent announcements from the Company of significant client wins including Navy Federal Credit Union, the largest credit union in the world; and a steady flow of positive results from institutions such as UK-based OakNorth. nCino recently ended its 2018 fiscal year with over 180 customers, including 10 of the top 30 U.S. banks by asset size. The Company currently has more than 400 employees, including a dedicated European service and delivery team based in its UK office in London.
Contributed | what does this mean?