New CivilisedBank CEO

Published by Directorzone Markets Ltd on April 17, 2018, 9:00 am in People, Movers


Wednesday January 1st 2020

Image: Photo by Burak Kebapci from Pexels


Mark Stephens has been appointed as CEO of CIVILISEDBANK, taking over from Philip Acton, the Bank’s interim CEO.


Mr. Stephens “was previously CEO of HARRODS BANK where he oversaw the bank’s strategic direction, including its recent sale to challenger bank Tandem. Prior to this, he spent seven years at ALDERMORE where, as a founding Director, Deputy Chief Executive and Group Commercial Director he was responsible for achieving business objectives and for portfolio acquisitions. He was also instrumental in Aldermore’s flotation in 2015.”


“CivilisedBank was granted a banking licence by the Bank of England in May 2017 and is in the process of building its infrastructure for launch. It will release its banking licence to give more time to develop its technology platform, before subsequently reapplying for a new licence. 


The new UK SME bank with a Local Banker network will focus on the SME market and be funded by SME and retail savings. CivilisedBank will serve businesses through savings and loans, transaction banking, current accounts with deposits, overdrafts and foreign exchange. The bank will also address the UK retail market with a range of savings products.”


See CivilisedBank press release: