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Monday, December 09, 2024
David Broadbent | Founder and CFO at Bank North | Fintech Finance

About David Broadbent

https://www.banknorth.co.uk/
David Broadbent, Held CEO, COO/CCO and CFO positions on PLC and bank boards for over 15 years with depth and breadth in banking, financial and professional services. Expertise in international and domestic markets. A passion and ability for driving performance and thriving on responsibility. Significant experience of building and growing businesses including start-up, expansion, M&A, transformation and IPO. Also comfortable dealing with complex situations, including regulators, crisis management and restructuring. A strong track record of delivering results. Sets high standards and provides hands-on support to teams in achieving their goals. Takes pride in engaging with and developing people at all levels, including direct successors, and creating high-performing teams. Noted for a keen intellect and ability to simplify complex situations and data for others. Big 4 trained with strong commercial acumen honed through an MBA and Harvard’s Advanced Management Programme for senior business leaders. David Broadbent, Highlights • Bank North Co-Founder – built a challenger bank with a high calibre team, market leading technology and a unique customer proposition. Co-author of what was described by the UK regulators as ‘one of the best applications they had ever seen’. • Business turnaround – discovered significant issues within weeks of joining Fairpoint that brought its viability into question. As COO and then CEO initiated and led a major turnaround strategy saving c550 jobs in the process. • Business Transformation - led a £50m Transformation Programme to modernise the IPF Home Credit business. Also led the acquisition of MCB Finance and the build of a digital platform in Poland leading to the creation of IPF Digital. • Financial management – extensive experience of tight cost and cash management to navigate funding and cash flow issues at Bank North (due to Covid-19), Fairpoint (dramatic reduction in revenues) and IPF (Global Financial Crisis). • IPO - IPF floated in 2007 as a FTSE250 business with a market cap of £0.7bn (which peaked at £1.6bn). As CFO, I worked with advisors on the documentation and roadshow and also established an independent head office and IT systems.

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