UK challenger GB Bank lands £85m investment
The bank projects that the new investment will allow it to increase its lending to £500m over the next year.
The bank projects that the new investment will allow it to increase its lending to £500m over the next year.
Sismey-Durrant replaces Mike Kirsopp, who has left the company to return to an executive career.
The bank will support the creation of more than 100,000 jobs and 20,000 new homes.
Lancaster will be responsible for leading GB Bank as it gears up for launch in Q3 2022.
GB Bank says the partnership will reduce friction in customer journeys and enhance its risk mitigation.
New challenger bank plans to focus on the north of the UK and plans a large loan book.