Tan­dem Bank's of­fi­cer joins San­tander

The Pak Banker - - FRONT PAGE -

LON­DON: Fol­low­ing the de­par­ture of its CTO last month, Tan­dem Bank, the U.K. chal­lenger bank co-founded by fin­tech vet­eran Ricky Knox, has lost an­other key mem­ber of its team, this time see­ing chief prod­uct of­fi­cer Matt Ford de­part­ing for a ca­reer in ven­ture.

Ford joined San­tander In­noVen­tures, the ven­ture cap­i­tal arm of the Span­ish in­cum­bent bank, in De­cem­ber, TechCrunch has learned. Specif­i­cally, he has been re­cruited for his en­tre­pre­neur­ial and op­er­a­tor ex­pe­ri­ence, as San­tander In­noVen­tures looks to bol­ster its per­ceived founder-friend­li­ness.

Con­firm­ing the move, Ford tells TechCrunch: "Yes, I left Tan­dem be­fore Christ­mas. I've moved across into ven­ture cap­i­tal and have taken up a re­ally ex­cit­ing op­por­tu­nity at San­tander In­noVen­tures, the VC fund of the bank. We're build­ing out a re­ally great founder-friendly fund and it's a bril­liant chance to ap­ply all my en­tre­pre­neur­ial learn­ings to in­vest­ing and to help sup­port great fin­tech founders and teams".

Prior to San­tander, Ford held the role of CPO at Tan­dem, charged with help­ing strengthen the chal­lenger bank's var­i­ous ex­ist­ing and fu­ture prod­uct lines. He was viewed (and pre­sented to the press) as an important lieu­tenant to Tan­dem founder Knox.

Note­wor­thy, Ford joined Tan­dem by means of an ac­qui­si­tion af­ter the bank ac­quired Par­iti, the money man­age­ment app, in early 2018. Ac­cord­ing to LinkedIn, Par­iti's other co­founder, Peter Townsend, re­mains an em­ployee of Tan­dem, where he holds the po­si­tion of Head of En­gi­neer­ing.

Mean­while, Ford's con­firmed de­par­ture from Tan­dem fol­lows a report this week from Sifted that the bank's chief tech­ni­cal of­fi­cer Paul Clark also stepped down last month. He's been re­placed by Noam Zeiger­son, the chal­lenger bank's chief data of­fi­cer.

Separately, TechCrunch un­der­stands that San­tander has hired Tr­ish Burgess as its new global head of Peer to Peer Pay­ments. Tr­ish joins from Ap­ple - where I gather she was in­volved with Ap­ple Card - and will lead the bank's fu­ture P2P pay­ments ef­forts. Her ap­point­ment is ex­pected to be an­nounced soon.

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