The Bank of London has appointed Tom Wood as deputy CEO.

The technology company, described as the world’s first purpose-built global clearing, agency and transaction bank, said Wood will join the company’s board and report directly to group CEO and founder Anthony Watson.

At Shawbrook Bank, Wood transitioned from CFO to Interim CEO and led the bank through its successful IPO in 2015. 

He was subsequently appointed by the controlling shareholders of the Co-Operative Bank plc following its third recapitalisation to lead a restructure which resulted in a return to profitability.

More recently, he has operated as a strategic senior advisor to leading global private equity funds and consultancy businesses, specialising in strategy, M&A and business transformation.

“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,” said Watson. 

“Additionally, he has the tenacity of an entrepreneur honed from his extensive board membership at experience-driven scaleups and startups. I’m delighted to have him join the team.”

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Wood added: “I’m thrilled to be joining The Bank of London at such an exciting time in its evolution. I’m passionate that we deliver exceptional outcomes for our customers and key stakeholders and my ambitions for growth align with those of The Bank of London. 

“I’m looking forward to working alongside Anthony and our pioneering team as we work to maximise our potential.”