Chief Information Officer joins Al Rayan Bank

29 January 2020

Al Rayan Bank has appointed a Chief Information Officer (CIO) to join its growing leadership team.

Simon Nash brings thirty years' experience in the financial services sector with multinational businesses including RBS, Credit Suisse and Deutsche Bank. Directly prior to his new role at Al Rayan Bank, Simon spent a number of years as a consultant providing strategic direction on IT security, change management and programme oversight in the fintech sector. In his recent role at Ernst & Young, Simon was contracted to work with board and Exco colleagues as a chief information officer and executive consultant.

Based at the Bank's Operational Headquarters in Birmingham, Simon will lead information technology innovation as well the development and augmentation of information policies and processes, for the benefit of Bank’s 90,000+ customers and 300+ employees. He will be responsible for a team of almost fifty colleagues and will oversee further technology projects scheduled for this year including the ongoing development of the recently launched mobile banking app.

Commenting on his appointment, Simon said: "Al Rayan Bank has a refreshing business model in the banking sector, with a very strong people focus. This gives me the opportunity to use my experience in financial services to help deliver best-in-class technology to benefit our growing customer base, as well as my colleagues."

"I'm excited to join Al Rayan Bank at such an important point in the company's upward trajectory. My team and I will be focusing on developing resilient solutions grounded in security, scalability and reliability and I’m looking forward to contributing to the leadership team’s ambitious objectives for 2020."

Commenting on Simon’s appointment, Ahmed Sheikh, CEO at Al Rayan Bank said: "Simon has a proven record of information leadership and that will be invaluable to the Bank’s development. His experience collaborating with senior leadership teams in the financial services and fintech sectors will be instrumental in channelling future growth and ensuring the technology that our business is based on is delivering exactly what our customers need, while remaining true to our Islamic finance principles.”

Founded in 2004 as the first Islamic retail bank in Europe, Al Rayan Bank currently serves more than 90,000 customers and has a current asset book in excess of £2 billion. A recent independent study into the economic impact of Al Rayan Bank found that it delivered £389million to the UK economy in 2018.

As an independent UK bank, Al Rayan Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA.

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