Cashplus appoints Aris Asimakis as Chief Risk Officer

Cashplus, the leading UK bank challenger, today announced the appointment of Aris Asimakis to the newly created role of Chief Risk Officer. He takes up his role with immediate effect.

Asimakis joins from Vanquis Bank where he was responsible for developing and maintaining a second line of defence for liquidity, capital and prudential regulatory risk.

He has broad risk management experience across regulatory and UK banking institutions having also worked in senior roles at the Prudential Regulatory Authority (PRA) and Tesco Bank over the last 10 years, as well as being awarded the Chartered Financial Analyst (CFA) charter in 2014.

At Vanquis, Asimakis was instrumental in the development of a framework for regulatory interactions with the FCA and PRA. At Tesco Bank, he led the development of Treasury stress testing, scenario modelling and analytics covering the bank’s internal and regulatory liquidity risk metrics and risk appetite. Asimakis began his career as a Tax Consultant at PwC. Asimakis holds a PhD in physics from Imperial College, London.

Rich Wagner, CEO of Cashplus said: “Aris’ appointment is the latest example of our commitment to bringing the best of the industry’s talent into Cashplus. He joins with an excellent track record and will be key to ensuring we have a robust and scalable risk management function to underpin our business as we develop into a fully licensed bank and help us maintain our position as the leading digital banking challenger. I am delighted to welcome him to the team.”

Aris Asimakis, Chief Risk Officer of Cashplus said: “Rich and his team have built an exceptional business which consistently breaks new ground for banking products and the level of service provided to customers. I look forward to building on the excellent progress Cashplus has made in developing its risk function and helping to ensure that the business remains well positioned to provide excellent services for the UK’s small businesses and consumers as it becomes a bank.”