St. Nicholas House, St. Nicholas Rd, Sutton SM1 1EL
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The Board & EXCO

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 Parrish
Chair, 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 Maasland
Chief 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 Machell
Chair 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 Beecroft
Chair 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 Ekpe
Non- 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 Bhatia
Independent 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 McMenamin
Independent 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 Poole
Non- 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 Hallett
Chief 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 MacLennan
Chief 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.

Rory Hanly
Chief Operating Officer

Rory joined Crown Agents in 2013 as COO of the investment management division and was appointed Group COO in 2016. From 2007 to 2013 he advised on, built and restructured a number of operating platforms, maximising processing efficiency and creating scalable operating models, most recently as COO of the international capital markets division of Banque Heritage SA. Rory was a senior member of the original team at ECM Asset Management which facilitated assets growth of €20B from 1999 to 2007. Prior to joining ECM he spent his early career in the emerging markets trading division at Bankers Trust Company of New York. Rory is a finance graduate and an Associate of the Securities and Investment Institute.

Helen Henderson
Head of Human Resources

Helen Henderson, is the Group Head of Human Resources for CAB and CAIM. Helen began her career in investment banking in fixed income sales with Lehman Brothers and later joined Goldman Sachs. In her 13 years there, she covered central banks for fixed incomes sales, headed Credit Research Marketing and then was Business Manager reporting to the heads of the FICC division in Europe. Subsequently, Helen was Global Head of HR, Client Services & Marketing at Gottex Fund Management and latterly at Liongate Capital Management, both award-winning fund of hedge funds.

Steven Marshall
Chief 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.