The Bank of London appoints Phil Knight as CTO

By Gloria Methri

The Bank of London, a global clearing and transaction banking start-up, has appointed Phil Knight as Chief Technology Officer (CTO) and Chief Information Security Officer (CISO).

Knight has made a switch from core banking outfit 10x Banking, where he spent three years as CISO. At 10X, he led the design and build of the security operating model, the global platform engineering team, and service delivery to clients.

Prior to that, Knight held leadership roles at Lloyds Banking Group, in delivering the cloud strategy for the bank. He provided digital and technology expertise in several senior consultancy roles for Tier 1 clients across the UK, Europe, and Australia. At the Bank of London, he will oversee the company’s IT operations and security, globally.

Jim Ditmore, Group Chief Operating Officer of The Bank of London, said, “Phil has an excellent background across banking, FinTech, and consultancy, including global leadership roles specialising in digital security and infrastructure architecture. His deep experience and leadership will strengthen our team as we enter a phase of driving significant technological transformation in the banking, payments, and financial services sector.”

Phil Knight CTO and CISO for The Bank of London Group, said, “To be joining such an exciting company at this stage of development is an amazing opportunity. This is a tremendous opportunity to be at the forefront of real technological innovation in the banking and wider financial services industry, and I look forward to working with such a high caliber team to build the future of banking.”

The Bank of London was founded by Anthony Watson, a former chief information officer at both Nike and Barclays. It operates on three fronts: taking on established banks in the market for clearing and settlement; delivering transactions banking services for the corporate market; fielding a banking-as-a-service offering for companies wanting to embed payments into their products.

Launched in November 2021 with a pre-revenue valuation of $1.1 billion, the start-up has established offices in London, New York, Dublin, and Charlotte, North Carolina.