The Board & Executive Committee
Skilled, Experienced, Diverse
Our highly experienced Board of Directors is comprised of 5 Independent Non-Executives Directors, 2 Non-Independent Non-Executives Directors, and 3 Executive Directors. The day-to-day running of our company is conducted by the Executive Management Team, which reports to the Board of Directors, who together drive the strategic direction of the business.
Jeremy ParrishChair, Independent Non-Executive Director
Jeremy joined in 2017 as Chairman of the Board of Crown Agents Bank and Crown Agents Investment Management following a near 40 year career in international banking. During his career Jeremy held numerous senior positions at Standard Chartered plc, including Global Head of Financial Institutions, Regional Head of Wholesale client relationships Europe, CEO Japan, CEO UAE and CEO Switzerland. He has deep first-hand knowledge of many of the markets where both companies operate. He also brings extensive understanding of the principal products and services we offer. Additionally he has worked closely with Banking and Asset Management regulators in several jurisdictions, including both the UK’s Prudential Regulation Authority and Financial Conduct Authority.
Jeremy also serves as an independent NED at Julius Baer International Ltd in London and Chairs their Risk and Audit Committee. He also acts as Chairman of the Trustees of The Challenger Trust, a U.K. registered charity helping underprivileged children prepare themselves for the workplace. He also works closely with Deloitte LLC as an advisor in the Financial Advisory division.
Albert MaaslandChief Executive Officer
Albert Maasland started his career in banking at Chase Manhattan Bank – later JP Morgan – and during his 11 year career there, was involved in transforming and building a range of highly successful and profitable business units, including launching the world’s first generation of cross-border electronic transaction banking services providing online account and payment services to European financial centres, developing transaction banking products and sales teams in global cash management, institutional and Global Custody areas before taking over as Head of FX sales.
Subsequently, Albert took over as Global Head of Business Development at HSBC Markets, led the transformation of the FX business at Deutsche Bank – steering them from 24th to the number one FX provider worldwide.
Latterly, he helped establish the global e-commerce business at Standard Chartered before moving to Saxo Bank where he fulfilled numerous roles including CEO of Saxo Bank UK and then Chairman of Saxo Capital Markets UK. Albert has a keen interest in the fintech sector, and as a result acts as a trusted advisor, or NED, to a number of fintech firms. He was CEO of Knight Capital Europe and subsequently KCG Europe and is on the Board of EASDAQ NV, which is the parent company of Equiduct, a pan-European Regulated Market, operated by Bourse Berlin.
Carole MachellChair of the Audit & Risk Committee, Independent Non- Executive Director
Carole, who is a Chartered Accountant and has over twenty-five years of financial services experience, is the Chair of CAB’s Audit and Risk Committee. She has held senior executive roles at Merrill Lynch, JP Morgan and Barclays, which have given her a deep understanding of infrastructure and control remediation as well as an ability to see risk and audit issues and solutions from a front office perspective. In addition, Carol has strong operations, infrastructure, technology and digital experience, overseeing large teams and budgets. Throughout her career she has established a track record of building relationships internally and with regulators, with expertise in stabilising problem areas while building them into sustainable businesses. Carole has extensive experience as a Non-Executive Director and Chair and member of Risk and Audit Committees. Currently Carole is also a NED for Weatherby Bank and London First.
Nick BeecroftChair of the Remunerations and Nominations Committee & Independent Non- Executive Director
Nick Beecroft joined the Board in March 2010, and is the Chair of the Remuneration and Nominations Committee, and a member of the Audit and Risk Committee. Nick graduated from Oxford University with an MA in Physics and served for twenty-seven years in FICC treasury functions with Citibank, Deutsche Bank and Standard Chartered Bank. He was appointed as UK Treasurer for Citibank in the UK. At Deutsche Bank he was Global Head of Spot and Proprietary FX trading, then he became Global Head of FX at Standard Chartered, and was invited to join the Bank of England Foreign Exchange Joint Standing Committee.
Subsequently, he was Senior Markets Consultant for Saxo Bank in London for six years, with frequent media contact and numerous quotations in the business press on macro-economics, geo-politics and markets; including the FT, the Times & the Huffington Post and many appearances on Bloomberg TV, CNBC, Reuters TV, Sky TV, and BBC World. Concurrently, he set up and ran a global macro hedge fund.
He now holds three Non-Executive Director positions in financial institutions, two as Senior Independent Director, with a Chairmanship of an Audit and Risk Committee. He is also trustee and director of the Hoxton Hall theatre.
Arnold EkpeNon- Executive Director
Arnold Ekpe has more than 30 years of financial services experience including as the CEO of Ecobank International from 2005 to 2012 and as the managing director of United Bank of Africa from 2002 to 2004. While at Ecobank, he was responsible for setting up Ecobank Paris’s subsidiary, EBI S.A., which is a wholesale subsidiary of the Ecobank group approved by the Banque de France and focused on trade finance, correspondent banking, commodity financing, foreign exchange and cash management, with a representative office in London.
Arnold is chairman of SFRE, a Luxembourg registered and approved investment company focused on small banks serving the real economy and Chairman of Atlas Mara, a listed Africa focused banking group. He is the Honorary President of the Business Council for Africa, a UK registered institution that promotes business and investments in Africa. He also served as a board member of the Nigerian Sovereign Wealth Fund. Previously, he served as Vice Chairman of ADC (the German financial services holding group acquired by Atlas Mara) and head of Corporate and Structured Finance at Citibank London, 1991-1996. Arnold holds a First Class Honours Degree in Engineering from Manchester University and an MBA from Manchester Business School.
Raj BhatiaIndependent Non- Executive Director
Raj joined the Board in December 2016 and is a member of the Audit and Risk Committee.
His career spans over 20 years in financial services. In his early career he spent time with J.P Morgan, Deutsche Bank, ANZ Investment Bank and ING Barings. In 2000 he joined Standard Chartered, during which time he held the positions of Global Treasurer and Group Head of Market Risk. Following this he moved to the role of Treasurer at Co-operative Bank and since 2014 has been a Partner with Parker Fitzgerald a global leader in risk management solutions for the banking and capital markets industry. He is a practitioner in all areas of financial regulation, with extensive working knowledge of the international regulatory architecture and expectations of supervisors in relation to capital and liquidity management, asset & liability management, credit, market and liquidity risk management practices.
Derek McMenaminIndependent Non- Executive Director
Derek McMenamin joined the Board in June 2013. He was a non-executive director of the bank’s former parent, Crown Agents Limited, from June 2011 until July 2014. He is a retired solicitor having been a partner for 21 years at Linklaters LLP in its London and Hong Kong offices, where he specialised in all aspects of corporate work, including mergers and acquisitions, joint ventures, public offerings of securities and the establishment of onshore and offshore offshore investment vehicles. His practice included transactions in the UK, Europe and the Far East, as well as the Middle East and India. He been a trustee since January 2015 of the Scotts Project Trust, a charity based in Tonbridge, Kent for adults with learning disabilities.
Simon PooleNon- Executive Director
Simon brings to the board broad finance and administration experience across a range of businesses in numerous African countries. Previously, he was a CFO with Intela Global Ltd, Lawson’s Corporation and Celtel International (in Burkina Faso, Chad and DRC). Earlier in his career he held finance and accounting roles with Price Waterhouse, Bank of America and BT. He serves on boards of directors of HTN Towers, Interswitch Limited and Helios Towers Africa Limited. He received his BSc in Geography from Exeter University, UK. He qualified as a Chartered Accountant with Price Waterhouse, and is a member of the Institute of Chartered Accountants in England and Wales.
Richard HallettChief Financial Officer & Director
Richard Hallett is the Chief Financial Officer of Crown Agents Bank and of Crown Agents Investment Management, having joined in June 2016. Richard’s career span’s more than 25 years in top tier financial services organizations with an extensive track record across Investment Banking, Commercial and Retail Banking sectors both regionally and globally. He was formally CFO of Barclays Africa and CFO of Absa Capital. Previous roles to this include UK & Europe CFO and Global Business Unit Controller at RBS, Managing Director, European Head of Fixed Income Product Control and Global Head of Interest Rates Product Control and Morgan Stanley, Director and Global Head of Expense Management at Credit Suisse First Boston. Richard started his career at Price Waterhouse, is a qualified accountant and holds a BSc. (Hons) in Chemistry from the University of East Anglia.
Doug MacLennanChief Risk Officer & Director
Doug MacLennan joined Crown Agents Bank and Crown Agents Investment Management in December 2012 as both CFO and CRO, and was appointed to the Boards in June 2013. He stepped down from the CFO position in June 2016 to focus on the development of the risk management function within the Bank and CAIM.
He has been involved in the UK Financial Services Industry for over 30 years, including previous appointments as Director of Finance at Merrill Lynch; Deputy Managing Director at Sanwa International; Finance Director at the Bank of China International; and Senior Vice President of Risk Management at Northern Trust.
During his career Doug has been responsible for the design and implementation of financial and risk management systems; lead the finance function in the acquisition and integration of multiple target companies; created several new UK regulated entities; lead the negotiations for office premises in Europe; Ireland; and the UK; and designed, implemented, and managed risk management frameworks from scratch.
Steven MarshallChief Commercial Officer
Steven Marshall is CAB’s Chief Commercial Officer and a member of the Executive Committee. He began his career at CAB in October 2016 as the Head of Payments and Cash Management and was promoted in May 2017. Steven joined the firm from the United Nations Migration Agency. He began his career on the Graduate Training Programme at Barclays where he held a number of positions in his 7 years with the bank. He left in 2008 to join Standard Chartered where he was the Global Head of Public Sector and Development Organisations. He holds a B.Sc. in Medical Bio Chemistry from Glasgow University and a M.Sc in Immuno-pharmacology from Strathclyde University.
Marcia Jones Interim Head of Human Resources
Marcia Jones recently joined the Bank as Interim, Group Head of Human Resources for Crown Agents Bank and Crown Agents Investment Management. Marcia started her career in the public sector and subsequently moved to the financial services sector working for several UK and international broker-dealers, investment banks and asset management. She has held a range of senior Human Resources Management roles at International and Global level with small, medium and larger institutions, such as ING Bank, Calyon Financial, Newedge, Knight Capital Group. Marcia joins us from BlueBay Asset management where she was working as a HR Consultant.
Marcia is a Chartered Fellow of the Chartered Institute of Personnel and Development (FCIPD), she has an MA in HR Strategy and is also a qualified executive and master coach and a qualified accredited mediator.
David BeeHead of Global Markets
David Bee joined in March 2018 as Executive Vice President , Head of Global Markets
David has over 30 years of senior banking experience in the Fixed Income, Currency and Commodity (FICC) industry. David gained financial product, sales, risk and governance expertise from working within Investment Banking, Wholesale, Corporate, Private Banking and Wealth Management at Country Head , Regional and Global levels with Citigroup, Deutsche Bank, Standard Chartered and Lloyds Banking Group.
Starting his career in London, and moving on to lead and build high performing client focused businesses in Tokyo, Singapore, Milan, Stockholm and New York, David brings international outlook and growth experience to Crown Agents Bank.
Richard WealdChief Technology Officer
Richard Weald is Crown Agents Bank’s Chief Technology Officer. Weald oversees the Bank’s use of technology to align and enhance operational processes, client due-diligence and on-boarding, risk management, and further enhance product strategy.
Weald brings over 20 years of financial markets expertise and technological know-how. He joined from Earthport, a provider of foreign exchange and cross-border payment services, where he served as Global Head of IT Operations & Information Security. Weald previously held a number of senior positions within Technology and Information Security at Newedge, a global multi-asset brokerage, wholly acquired by Société Générale in 2014. At both organisations, Weald implemented technology transformation programmes to accommodate rapid high-volume growth whilst enhancing resiliency and control frame-works.
Susanne Chishti Non-Executive Director
Susanne Chishti has over 20 years’ industry expertise, including board-level experience, with a strong focus on organisational governance and the small and medium size enterprise (SME) market. Her experience draws on 15 years in finance, having held senior positions at Deutsche Bank, Lloyds Banking Group, Morgan Stanley and Accenture.
Susanne is the CEO of FINTECH Circle, Europe’s 1st Angel Network focused on fintech opportunities. She is also the founder of the FINTECH Circle Institute, the leading fintech learning platform offering classroom innovation workshops and online courses to C-level executives.
Susanne holds an MBA from Vienna University of Economics and Business. A bestselling author, Susanne co-edited “The FINTECH Book” series, which has been translated into 10 languages and sold across 107 countries. Her wealth of experience led her to being recognised in the European Digital Financial Services “Power 50” 2015, an independent ranking of the most influential people in digital financial services in Europe. In addition, she was selected as a “City Innovator – Inspirational Woman” in 2016. She has been a guest lecturer on financial technology at the University of Cambridge and has also appeared as a fintech commentator on CNBC.