Allica Bank, the fintech challenger bank, has promoted three of its key people to senior leadership roles as it continues to diversify and expand its proposition to support Britain’s burgeoning SME sector.
Following a series of business moves undertaken by the bank – such as the acquisition of an AIB loan book, a £110 million funding round, and a number of enhancements to its commercial mortgage and asset finance products – the promotions reflect its ongoing focus on using technology to empower its broker and business customers.
The promotions include former broker Nick Baker, who was previously Managing Director, Intermediaries, moving into the role of Chief Commercial Officer, Ravneet Shah, former Vice President of Engineering, being promoted to Chief Technology officer, and Nick Moss, the bank’s former Head of Product Delivery & Data Services, becoming Director of Lending Products.
Allica Bank’s CEO Richard Davies said the changes pave the way for the bank to further build on its sector-leading proposition for brokers and businesses: “Nick Baker and Nick Moss have been with Allica since we opened for business in 2019. Their experience within the sector and as part of the team throughout this phase is vital for our future growth due to their intimate knowledge of our customers and the broker market.
“Equally, Ravneet joined the business early in our journey and has been invaluable in helping create Allica’s unbeatable customer and broker experience. She’s going to play an important role as the voice for Allica’s technology team as we continue to grow.
“It’s fantastic to bolster the expertise of our senior leadership team with three voices that have been so pivotal to Allica’s success to far. I’m proud to see what they’ve achieved within their careers and I’m looking forward to seeing them propel Allica forward further!”
Nick Baker – Former broker and current board member of the National Association of Commercial Finance Brokers (NACFB), Nick Baker joins the senior leadership team as Chief Commercial Officer. Through his experience and understanding of the broker market, Nick will continue to provide leadership to broker business development managers, and alongside Emma Lane (Head of Client Relationship Management) will now provide support to the direct business managers.
Nick Moss – Former Head of Product Delivery & Data Services, Nick Moss is taking an expanded role as Director of Lending products. The new role will see Nick heading up the wider commercial lending product catalogue, including the bank’s asset finance portfolio. Nick will work closely with Allica’s new CTO Ravneet Shah to develop and implement new proprietary software for product, catalogue and lifecycle management, including underwriting, fulfilment and servicing.
Ravneet Shah – Former Vice President of Engineering, Ravneet will lead Allica’s overall technology vision and proprietary software development to provide customers with the best possible experience through the bank’s innovative digital products. This will include migrating AIB’s SME customers over to Allica and supporting the launch of the Business Rewards Account.