Afin Bank has appointed David Kenmir as an independent non-executive director, bringing over 30 years of experience in financial services to its Board.
Kenmir previously served as chief operating officer at the Financial Services Authority, the predecessor to the Financial Conduct Authority, and the Prudential Regulation Authority.
He also spent 14 years at PwC as a Partner, focusing on Conduct and Culture in its Financial Services Risk and Regulatory Practice.
During his time with PwC, Kenmir worked with both traditional financial services providers and fintech start-ups.
He also led PwC’s work on implementing the FCA’s Consumer Duty and was a member of the ICAEW’s Conduct Risk Committee.
Kenmir’s experience includes extensive knowledge in governance and compliance, which he brings to the digital bank set up to assist foreign nationals living and working in the UK with mortgages and savings accounts.
Kenmir said: “I am delighted to be joining Afin Bank at the start of its journey, helping to shape a financial services provider that genuinely wants to do things differently and make mortgages accessible to a vital group of consumers who are currently poorly served in the UK.
“From my experience with the FSA, as well as advising new and established businesses at PwC, I bring a unique perspective on the commercial and regulatory challenges and regulatory requirements facing new banks.
“I look forward to working with Afin Bank to help build its strategy and operate effectively in the UK’s highly regulated environment.”
Jason Oakley, Afin Bank’s CEO, said: “This is an important addition to what is already a highly skilled and experienced Board at Afin Bank.
“David’s knowledge and insight will be invaluable as we prepare Afin Bank for full launch next year.”
