CashNews.co
Cambridge & Counties Bank has appointed Richard Hanrahan (pictured) as its new chief financial officer.
Hanrahan will report to Donald Kerr, chief executive officer, and will also sit on the bank’s board.
He succeeds Andrea Hodgson who leaves to pursue a NED career.
Hanrahan was most recently CFO at Qatar National Bank in the UK, where he was responsible for the financial management of the UK branch, successfully building the finance team.
Prior to that, he worked at Lloyds Banking Group where he held senior positions in finance, treasury, strategy and portfolio management, as well as spending over three years as a small and medium enterprise (SME) and corporate relationship manager.
He joins during a strong period of growth, with the bank registering its highest ever level of gross new lending in FY2023 at £328m, up 6% year-on-year.
Overall, total customer loan balances increased 5% to £1.106bn while customer deposits rose to £1.155bn, also up 5%.
Donald Kerr, CEO at Cambridge & Counties Bank, said: “We are very pleased to welcome someone of Richard’s calibre and exceptional experience to the senior team.
“Richard will play an intrinsic role in helping the bank to continue delivering on our organisational excellence and turning our strategic focus into results.”
Hanrahan added: “I am delighted to be joining the team at Cambridge & Counties Bank at a time of significant growth.
“The bank is well positioned to continue its growth trajectory, and I look forward to working with the team to continue delivering on our strategic priorities, with the aim of becoming the specialist SME bank of choice in the UK.”