Recognise Bank promotes Ronelle Arbib and Mo Fadaei as UK fintech’s popularity explodes

Rick Steves

The company has now promoted Ronelle Arbib as Chief Operations Officer and Mo Fadaei as Director, Banking Platforms and Partnerships. 

Recognise Bank has announced key changes as the fintech powered challenger bank accelerates its digital capability following last week’s successful fundraise of £8.7 million in new capital.

The bank was created to provide SMEs with digitally enabled, relationship-led banking, offering a range of unregulated lending options via a network of relationship managers across the UK.

Recognise has been fully authorized in September 2021 and launched a range of Personal Savings accounts the same month. It has already achieved £100 million in lending, £95 million in deposits, and launched Business Savings accounts in April 2022.

Bryce Glover, CEO of Recognise Bank, said: “These promotions show our commitment to our digital agenda and the importance of innovation, not only to Recognise Bank, but across the entire financial services sector. I am delighted for both Ronelle and Mo – they will be brilliant in their new roles, and this shows Recognise has created the right environment to find and grow new talent in a highly competitive market.”

Ronelle Arbib responsible for policies, objectives, and innovation

Ronelle Arbib has been appointed Chief Operating Officer (COO), stepping up from her previous role of Head of Customer Experience, and will join the Bank’s Executive Committee.

The newly created role reflects the Bank’s increased focus on its digital agenda and the need for innovation to flow through every part of the business, said the bank.

Ronelle Arbib will be responsible for coordinating activities in support of the Bank’s operational policies and objectives, and will also lead the design and implementation of the activities of the innovation team, while continuing to head up customer experience.

Ronelle Arbib, Chief Operations Officer at Recognise Bank, said: “This is an exciting new opportunity for me and one that is crucial to the future development of Recognise Bank and its ongoing success. We have already shown that our combination of personal relationship banking and cutting-edge technology is what small businesses want. Now we need to build on that to innovate new and better products and services to help SMEs grow and thrive.”

Mo Fadaei responsible for Recognise Bank’s technology and product strategy

For the role of Director, Banking Platforms and Partnerships, Recognise Bank promoted Mo Fadaei, who was previously the bank’s Head of Technology, Change and Transformation.

In his new role, Fadaei will be responsible for overseeing the Bank’s existing technology architecture, while also directing Recognise’s future product strategy and delivery. He will continue to lead relationships with the Bank’s key technology partners, including Mambu and nCino.

Mo Fadaei, Director, Banking Platforms and Partnerships at Recognise Bank, commented: “We have already created a fully authorised, award-winning bank in just a few years. But we are not going to rest on our laurels. My job is to keep pushing the innovation agenda, ensuring our infrastructure and strategic partners support the Bank’s ambitious growth plans, now and in the future.”

Read this next

Institutional FX

Celoxica enters Australia to offer low latency market data and execution services in APAC

“There is a significant opportunity to deliver fast and efficient market access to APAC financial market participants, including trading firms, brokers, exchanges, and service providers. I am eager to extend our reach in this crucial market.”

Institutional FX

Cboe to launch four new Credit Volatility Indices (Credit VIX)

“The Credit VIX Indices are expected to provide new clear signals on bond market sentiment, and act as a new barometer of corporate credit risk in North America and Europe.”

Executive Moves

TradeZero hires Leo Ciccone as Chief Compliance Officer (CCO) for TradeZero Canada

“Leo brings to TradeZero broad and comprehensive experience coupled with deep business and regulatory relationships that will assist us in ensuring we meet and exceed industry best practices and to further our growth initiatives going forward,”

Institutional FX

Apex launches fractional fixed income trading for retail investors

“The ability for people – and not just high net-worth investors – to easily add fixed-income and diversify their portfolios is a game-changer.”

Institutional FX

MarketAxess launches Open Trading for EM local currency bonds

In an era where diversification and hedging against market risks have become imperative, this new feature could very well serve as a linchpin for international investors looking to diversify their fixed-income portfolios with EM local currency bonds.

Industry News

CFTC Chair Behnam’s keynote speech at FIA Expo 2023 focused on FX and Crypto frauds

Over the past fiscal year, the CFTC has levied more than $6 billion in monetary relief through various enforcement actions. The agency is also moving against entities falsely claiming to be CFTC-registered futures commission merchants (FCMs) and registered foreign exchange dealers (RFEDs).

Market News

Australia’s Trilateral Economic Ties with the US and China

Australia’s leading stock market index, the S&P/ASX 200, has been on a downward trend for the past three weeks. From a technical perspective, the price still remains in a consolidation, but the occurrence of lower highs indicates increasing selling pressure, and potentially a descending-triangle.

Digital Assets

Mirror Trading victims to recover 50%-60% of their money back

The liquidators overseeing the Mirror Trading International (MTI) pyramid scheme said they could start returning funds to victims once they receive a court ruling on how to handle claims.

Digital Assets

Celsius aims to start customer repayments in two months

Celsius Network, a crypto lender currently navigating bankruptcy proceedings, revealed its intention to begin reimbursing its customers before the year’s end. This disclosure was made during a hearing on October 2, where the approval of Celsius Network’s reorganization plan was being discussed.