Al Rayan Bank appoints new Head of IT

30 September 2019

Al Rayan Bank has announced the appointment of Peter Wren as its new Head of IT. The position will be based at the UK’s largest Islamic bank’s Operational Headquarters in Birmingham.

Peter brings with him over 20 years’ experience working in IT roles for companies in the financial services and pharmaceutical sectors. He was most recently programme director at Birmingham-based financial mutual society, Wesleyan, where he was responsible for implementing new tools and technology into the business to improve services.

As Head of IT, Peter will play a pivotal role in shaping the strategy for technology for the next five years. This will include ensuring that Al Rayan Bank’s 85,000 customers are able interact with the Bank in the style most suited to them - online, by phone, in branch or by the new mobile banking app, scheduled to be delivered later this year.

Commenting on his appointment, Peter Wren said: "It’s a very exciting time to join Al Rayan Bank, with innovation and development of the customer experience front and centre of our priorities. In a world where consumers want convenience, it’s important that the team and I continue to find ways to ensure the technology allows people to access their accounts where they want and when they want.

"As Al Rayan Bank celebrates its fifteenth birthday this year, I am looking forward to working alongside an already very talented team of people to ensure it continues to offer best in class ethical and Sharia compliant products and services for the future."

Al Rayan Bank is the oldest and largest Islamic bank in the UK. Founded in 2004, the Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of the FSCS.

A recent independent study found that Al Rayan Bank supports 636 jobs nationwide and delivers an annual economic impact of £389 million for the UK national economy.

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