Afin Bank has appointed David Kenmir as an independent non-executive director (NED).

Kenmir has over 30 years of financial services experience. He spent more than 10 years at the Financial Services Authority (FSA) and the Prudential Regulation Authority (PRA), including time as the body’s chief operating officer.

After this, he spent 14 years at PwC as a Partner focussing on Conduct and Culture, in its Financial Services Risk and Regulatory Practice.

FINTECH WORK

During this period Kenmir worked with traditional financial services providers through to fintech start-ups. He also led PwC’s work on the implementation of the FCA’s Consumer Duty and was a member of the ICAEW’s Conduct Risk Committee.

Afin Bank has been set up to help foreign nationals living and working in the UK to get mortgages and savings accounts.

“I bring a unique perspective on the commercial and regulatory challenges and regulatory requirements facing new banks”

Kenmir said: “I am delighted to be joining Afin Bank at the start of its journey, helping to shape a financial services provider that genuinely wants to do things differently and make mortgages accessible to a vital group of consumers who are currently poorly served in the UK.

“From my experience with the FSA, as well as advising new and established businesses at PwC, I bring a unique perspective on the commercial and regulatory challenges and regulatory requirements facing new banks. I look forward to working with Afin Bank to help build its strategy and operate effectively in the UK’s highly regulated environment.”

Jason Oakley, Afin Bank’s CEO, added: “This is an important addition to what is already a highly skilled and experienced Board at Afin Bank.

“David’s knowledge and insight will be invaluable as we prepare Afin Bank for full launch next year.”