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UK challenger bank, OakNorth, has appointed Navtej S. Nandra and Edward Berk as Non-Executive Directors. They will join co-founders, Rishi Khosla and Joel Perlman, as well as Cyrus Ardalan (Chairman), Graham Olive (Deputy CEO), Cristina Alba-Ochoa (CFO), and Non-Executive Directors, Robert Burgess, Ajit Mittal and Gagan Banga, on the board. Lord (Adair) Turner, and Lord (Francis) Maude are on the bank’s advisory board.

Nandra was formerly the President of online US brokerage firm, E*TRADE Financial Corporation. Prior to that, he was CEO at Morgan Stanley Investment Management, and served on various boards including Morgan Stanley Huaxin Fund Management Company, and Morgan Stanley International. Navtej’s career includes senior roles at DTZ Holdings, Merrill Lynch Global Wealth Management, Merrill Lynch Global Investment Banking, The Cambridge Group, and BoozAllen and Hamilton. He has also served on the boards of Nuveen Investments, and Merrill Lynch India Technology Services. Since its inception in the late 1990s, Navtej has worked closely with the management team at India’s Edelweiss Financial. Berk, meanwhile, is a faculty member in the Finance Unit at Harvard Business School. He retired as Managing Director at Bain Capital in 2016 after spending nearly 20 years as a private equity investor.

Khosla comments: “Both Navtej and Ted have exceptional track records in growing and leading renowned, international businesses. In the last two years, we have achieved a huge amount and as we look ahead to the future, we need to ensure this momentum is maintained. Their diverse and broad experience will be invaluable as we continue to build OakNorth and solve the challenges of the lending market.”

 

 

by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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