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Job Vacancy Details

Chief Executive Officer

Financial Services - Wholesale Banking

London-City

Permanent

Updated July 29, 2008

Our Client is a leading financial institution very much at the forefront of its domestic market within the EMEA region. As a result of an unprecedented increase in profitability, it is expanding its operation into the UK and across Europe and currently in the process of setting up a new London based wholesale banking subsidiary. This exciting new venture will operate out of London and initially focus on Wholesale deposit taking, Correspondent Banking, Foreign reserve management, Loans, Treasury Services and Foreign exchange.

With the support of Board Level Management, the bank is looking to appoint a Senior Banker with the relevant experience to spearhead its expansion into London. It is expected that this individual will play a significant part in the bank's ongoing discussions with the FSA in order to obtain a banking licence within a year.

Reporting directly into Board Level Management, the role will cover:

• Assistance in the preparatory stages of the application package and regulatory business plan for submission to the FSA.
• Implementing and developing the infrastructure and enhance the culture of success in the bank.
• Hands-on involvement in setting up and managing the entire start-up operation
• Building the business from a marketing and investment product perspective in line with parent company objectives
• Continual development and growth of the business once it is up and running
• Recruiting and attracting other senior management professionals to the bank

Who we're looking for
• Proven understanding of the structure and running of wholesale banking.
• Prior experience of a start-up venture
• Previous dealings with large corporates (e.g. Manufacturing, Telecoms, Power and Pharmaceutical sectors)
• A strong track record in Wholesale deposit taking, Correspondent banking, foreign reserve management, Loans, Treasury Services and Foreign Exchange.
• A sound understanding and appreciation of UK Regulatory issues (e.g. principles based Regime)
• The credibility, pedigree and gravitas to formulate and shape business strategy in the UK.

This is an outstanding opportunity for a senior banking professional to join a dynamic business and to shape its direction and future from its very inception. An appropriately attractive remuneration package is on offer to the successful candidate commensurate with the challenging and rewarding nature of the role.

About our client
Our Client is a leading financial institution very much at the forefront of its domestic market within the EMEA region. As a result of an unprecedented increase in profitability, it is expanding its operation into the UK and across Europe and currently in the process of setting up a new London based wholesale banking subsidiary. This exciting new venture will operate out of London and initially focus on Wholesale deposit taking, Correspondent Banking, Foreign reserve management, Loans, Treasury Services and Foreign exchange.

What's on offer
Highly competitive £six figure package

Michael Page Contact
For further info, apply or phone on 020 7645 1435. Job Ref: 12952839
Your application will be sent to Lindsay Reid.