Cynergy Bank bolsters executive team

Source: Cynergy Bank

Cynergy Bank announces senior appointments to align with the bank’s strategy.

The bank has moved to a front-line structure comprising of Property, Trading Businesses and Private Banking. In addition, Cynergy Business Finance offering asset-based lending, was launched late in 2021 and has already provided £130m of funding to SMEs.

Martin Fent is the new Chief Risk Officer for Cynergy Bank. He joins from NatWest Group, where he spent 15 years and most recently held the post of Chief Risk Officer at RBS International. Prior to this, he held a number of Risk Management roles in NatWest Group spanning Credit Risk, Conduct Risk, Portfolio Management and Restructuring.

Sharon Maguire has joined the Bank as Chief Product and Brand Officer, and MD of Private Banking. Sharon was previously Chief Customer Officer at C. Hoare & Co where she was responsible for management of all products and services, customer propositions, brand, marketing, and customer analytics. She has also spent time at organisations such as Coutts, Citigroup as well as spending several years in emerging markets the Middle East.

Rana Bhattacharya has been appointed Chief Digital and Information Officer. Rana was previously with Accenture, Nationwide Building Society and more recently with Atom Bank and Tesco Bank.
Rana brings with him significant experience in leading transformation of IT operations, with a focus on enhancing the digital experience for customers.
John Tudor has been appointed Corporate Development Director. He previously worked for Bank of Ireland Group for over 22 years where he held a range of Executive roles, most recently as Partnership Director and before that Chief Operating Officer for the UK business.

Nick Fahy, CEO of Cynergy Bank commented, “The structural changes announced reflect our evolving strategy and our growth ambitions well beyond 2022. Embracing digital innovation while deploying the human personal relationships remains a core part of our vision. We welcome Martin Sharon, Rana and John to the bank and wish them every success in their new roles.”

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