Oaknorth Bk. 35 Regulatory News (PT73)

CFO RETIRING IN TWELVE MONTHS

OakNorth Bank plc (OakNorth) OakNorth's Chief Financial Officer (CFO), Rajesh Gupta, has informed its Board of his intention to retire as CFO and Executive Director. He is committed to a smooth transition, so will continue to perform his duties, and support the Board and Executive team in executing OakNorth's strategy, until a successor has joined in the next 12 months. The Board has started a search for a successor and will provide an update when this process has concluded.

Rishi Khosla, Chief Executive Officer, commented: "Rajesh has played a pivotal role in OakNorth's journey and success, and will continue to be a core part of our executive team until his retirement. His leadership and contributions have been invaluable, guiding the business with financial stewardship and helping to shape its future. We are commencing the search for his successor but in the meantime look forward to continuing to deliver on our success with Rajesh".

For more information, please contact:

Investor.Relations@oaknorth.co.uk

About OakNorth

Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £$1m-$100m in turnover), that are seeking to scale but are routinely underserved or overlooked by traditional banks. 

To date, it has provided c.$16bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 47,000 jobs, and over 29,000 new homes across the UK and the US - the majority of which are affordable and social housing. 

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. OakNorth Bank plc is registered in England and Wales (company number: 08595042) and has its registered office at 57 Broadwick Street, London W1F 9QS.

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Visit www.oaknorth.co.uk for more information.