The financial services veteran will lead strategic and commercial operations at the new challenger clearing bank
In Brief:
Wood previously was CEO at Shawbrook and has held a number of senior roles at UK banks including Co-op.
He led Shawbrook through its successful IPO in 2015.
Bank of London received £68m of equity funding in November 2021. That round valued the pre-revenue business at a unicorn valuation.
What does this mean?
Bank of London CEO and founder, Anthony Watson, explained the hire this way: "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."
