Chip Announces Appointment of New COO to Oversee Rapid Expansion

Chip, the innovative wealth app providing one easy place for savings and investments, has hired Gina Silvester as its new COO.

With over 20 years of experience in the banking and financial services industry, including previous COO roles at Triplepoint and Handlesbanken, Gina brings a wealth of knowledge and expertise to the role.

Gina joins Chip from TriplePoint, where she served as the COO, responsible for leading the company’s operational and strategic initiatives. Prior to that, she held senior leadership roles at Handelsbanken, where she was responsible for managing the bank’s operations and driving growth.

At Chip, Gina will be responsible for overseeing the company’s day-to-day operations, including product development, customer service, and growth initiatives. She will work closely with CEO Simon Rabin, bringing her considerable experience to build on the company’s achievements and drive its continued growth and success.

Gina is replacing outgoing COO Sharon Miles, who is departing Chip to take up a new role as Group Chief Operating Officer at OakNorth Bank. She’s handing Chip over to Gina in a strong position. With Chip having matured from a small auto-saving app to a full fledged wealth app with over half a million active users and £1 billion in Assets under Administration , offering investment accounts and several FSCS covered savings accounts, including the UK’s highest easy-access savings rate in 14 years.

Simon Rabin, CEO of Chip said, “We are delighted to welcome Gina to the Chip team. Her extensive experience in the financial services industry, coupled with her track record of driving operational excellence, makes her the perfect fit for the role. We are confident that Gina will play a critical role in driving Chip‘s growth and delivering exceptional value to our customers.”

“Whilst we are sad to see Sharon leave, we are very excited to have a COO with Gina’s experience lined up to take over and bring a fresh perspective to Chip’s leadership team. We would like to thank Sharon for her significant contribution to Chip‘s success and wish her all the best in her new role at OakNorth Bank, Chip has a close relationship with OakNorth and we don’t expect Sharon to be a stranger.

“I can’t wait to see the new initiatives and ideas Gina’s going to bring to Chip as we continue to expand and bring Chip’s energetic and revolutionary approach to the world of wealth management and look at adding new products like pensions, LISAs, JISAs and other investment products to our app.”

Gina Silvester, COO of Chip said, “I am thrilled to join a passionate team committed to helping people grow their wealth effortlessly. I look forward to working with Simon and the team to build on the company’s success and drive growth, while continuing to deliver an exceptional customer experience.”

Chip recently took the savings world by storm, leading the way with 3.55% AER (variable) on their Instant Access Account (an easy-access savings account provided by ClearBank, with Financial Services Compensation Scheme (FSCS) cover up to £85,000 and a total deposit limit of £250,000). The savings rate is the highest easy-access rate in the UK.