ClearBank names new CFO, Mark Fairless
UK-based clearing and embedded banking platform ClearBank has appointed Mark Fairless as its new chief financial officer (CFO).
Mark Fairless, new CFO at ClearBank
Fairless will also join the firm’s executive committee and its UK board as an executive director.
ClearBank says the appointment comes at a “pivotal time” as the company looks to continue its growth after achieving profitability in 2022. It adds it is planning to “roll out a range of new products and services, as well as launch into Europe later this year, with other markets to follow”.
Fairless joins ClearBank from savings and investment firm M&G, where he was previously CFO of the M&G Heritage Business. He has also held leadership positions at Santander UK and Barclays Investment Bank, spending more than five years at both firms.
Speaking on his appointment, Fairless says 2023 is set to be an “important period” for the company.
ClearBank supports more 200 financial institutions, including Chip, Raisin and Recognise Bank, with 17.5 million bank accounts and £3 billion held in balances.
In March last year, the firm secured £175 million in a funding round led by Apax Digital, and in September it hired Andrew Barker as its new chief revenue officer (CRO).
