Technology company The Bank of London, a purpose-built global clearing, agency and transaction bank, has appointed Tam Holmes as its co-president and group chief product officer.

He will be responsible for oversight of the group’s overall customer and product vision, strategy and innovation.

Holmes has spent five years at 10X Banking, serving as chief product officer and chief development officer. A member of the board, he was principally responsible for managing all customer relationships, product strategy, product management and business development at the company trusted as a transformational partner for Global Tier 1 banks.

The former head of digital security and fraud at Lloyds Banking Group – where he also served as head of programme delivery for digital banking – Holmes was responsible for the re-platforming of Lloyd’s digital banking stack, as well as the design of innovative digital fraud and security controls, including the UK’s first deployment of behavioural biometrics, and device ID systems.

“Tam’s wealth of knowledge and experience across banking, large-scale transformation, and programme delivery, makes him a great fit at The Bank of London,” said Anthony Watson, group CEO and founder of The Bank of London, which recently appointed Tom Wood as deputy CEO.

“He brings a particularly unique perspective from his time at 10X, where he led both the sales and product development of their cloud bank platform to JP Morgan Chase in the UK and Europe, Westpac in Australia and other global banks. 

“With his flair for driving innovation coupled with a strong reputation for leading with humility and empathy, Tam will provide a world-class product experience for our clients globally.”

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Holmes said: “I’m delighted to join The Bank of London at such a pivotal time. The market has been left under-served by incumbents for far too long and I’m excited to start driving forward our customer and product vision, strategy, and innovation, to build strong products and experiences that our will customers love – in the UK, the EU and beyond.”