THE BANK OF LONDON APPOINTS MARK CARAWAN TO THE UNITED KINGDOM BANK BOARD

LONDON and NEW YORK, 01 NOVEMBER 2022 – The Bank of London, the next-generation technology company and the world’s first purpose-built global clearing, agency, and transaction bank, today announced the appointment of Mark Carawan as a Non-Executive Director (NED) and Chair of the United Kingdom (UK) Bank Board Audit Committee (BAC) subject to regulatory approval. 

An experienced Chair, Mark is the previous Chair of the Audit Committee of the Institute of Internal Auditors (IIA) as well as a Chartered Fellow, and has a wealth of global experience in governance, internal audit, risk management, regulatory compliance and ethics, and conduct. 

A certified Internal Auditor and Chartered Accountant, during his career Mark held senior executive positions in both the UK and the United States, including Global Chief Audit Officer and Chief Compliance Officer of CitiGroup globally, and former Group Chief Audit Officer of Barclays.  

Mark will oversee The Bank of London’s financial reporting, external audit and the performance and independence of Internal Audit, and, as Whistleblowing Champion, oversees the Bank’s speaking up and whistleblowing arrangements.  

David Skillen, Chairperson UK, The Bank of London, said: “Mark has an impressive background in financial services over his long career, which will help ensure we have a robust financial control framework. I’m thrilled to welcome Mark and am confident he will be a driving force as Chair for the Audit Committee.” 

Mark Carawan says, “I’m delighted to be joining such an exciting company board, especially at this time when The Bank of London is at an evolutionary stage of its journey. I’m eager to get started and am sure its unique proposition and patented technologies will be a game-changer. In my role I will continue to drive transparency and reduce complexity, both of which are central to The Bank of London’s ethos, while ensuring a robust framework.” 

ENDS 

Enquiries: Powerscourt 

Andy Smith   andy.smith@powerscourt-group.com  +44(0) 7872 604889  

Siobhan McCluskey   Siobhan.McCluskey@powerscourt-group.com  +44(0) 7795611179  

NOTES TO EDITORS

About The Bank of London

The Bank of London launched 30th November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years. With a $1.1 billion valuation, it is the first pre-revenue bank in history to attain ‘unicorn’ status upon debut. 

The Bank of London is a leading-edge technology company and the world’s first purpose-built global clearing, agency, and transaction bank. We leverage our patented technology innovations and differentiated bank capabilities to lift economies and communities by powering the borderless economic infrastructure of the future. 

The bank has been established to assist banks, clearing houses, digital & traditional asset firms, governments, financial services companies from local fintechs to global institutions, payment networks and non-financial brands seeking to launch fully compliant financial products and services in-country and across-borders. 

With headquarters in London and offices in New York, Charlotte (North Carolina), and Belfast, The Bank of London is a principal clearing bank of the United Kingdom authorised by the Bank of England’s Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority. 

For more information visit: thebankoflondon.com, or on Twitter and Instagram at: @thebankoflondon.