Challenger bank OakNorth beefs up executive team

Keiligh Baker's picture

London-based start-up bank OakNorth Analytical Intelligence has strengthened its leadership team following a $440 million investment round led by SoftBank.

Nikolai Varma joins the firm, Europe's most valuable FinTech, as chief commercial officer while Rikard af Ekenstam is its new managing director for corporate development.

Varma has over 20 years’ experience in Mergers & Acquisitions and IPOs, having completed more than 50 transactions over his career.

He joins from Morgan Stanley where he held the role of managing director. Ekenstam also has over 20 years’ experience working in financial services.

Joel Perlman, co-founder of OakNorth, said: "We are pleased to be welcoming both Nikolai and Rikard to OakNorth Analytical Intelligence’s leadership team.

"They’re joining at a very exciting time for the business as we’ve recently closed a $440m investment round led by SoftBank, which will enable us to accelerate our already very ambitious growth plans.

"Both Nikolai and Rikard have an exceptional track record of working for some of the world’s largest and most well-known financial institutions across multiple markets – experience that will prove invaluable as we continue deploying our technology with more lenders around the world."

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