Afin Bank strengthens its leadership by appointing David Kenmir, boasting extensive financial expertise.
- Kenmir brings over three decades of financial services experience, enhancing the board’s capabilities.
- His previous roles include significant positions at the Financial Services Authority and PwC.
- Kenmir’s expertise in governance and compliance is expected to support Afin Bank’s growth.
- The appointment is part of Afin Bank’s strategy as it prepares for a full launch next year.
David Kenmir has been appointed as an independent non-executive director at Afin Bank, a move that aligns with the bank’s ambition to reinforce its strategic direction. Bringing over 30 years of experience in the financial services sector, Kenmir adds substantial value to the board with his comprehensive background.
Previously serving as chief operating officer at the Financial Services Authority and the Prudential Regulation Authority, Kenmir has been pivotal in steering major regulatory frameworks. At PwC, where he served as a partner, he was instrumental in focusing on conduct and culture within financial services.
His work at PwC included collaborations with both traditional financial services firms and fintech start-ups, providing him with a broad perspective on financial services. Notably, Kenmir led PwC’s efforts in implementing the Financial Conduct Authority’s Consumer Duty, demonstrating his expertise in ensuring regulatory compliance.
Kenmir’s knowledge extends to governance and compliance, crucial for Afin Bank as it targets foreign nationals living and working in the UK with its mortgage and savings products. He expressed enthusiasm about joining the bank, emphasising the unique perspective he brings on both commercial and regulatory challenges for new banks.
Jason Oakley, CEO of Afin Bank, expressed confidence that Kenmir’s appointment is vital to preparing for the bank’s full launch next year. Oakley highlighted Kenmir’s invaluable insights and experience, signalling an optimistic future for the bank.
Kenmir’s appointment marks a significant step in Afin Bank’s strategic plans, bolstering its board with critical regulatory expertise.
