Rajesh Gupta: OakNorth CFO Announces Retirement Plans
Portfolio - People | Feb 03, 2025 | Business Cloud
OakNorth Bank plc has announced that its Chief Financial Officer, Rajesh Gupta, will retire. Gupta has provided notice to the board of his decision to retire and will continue his role until a successor is appointed within the next year. Gupta has been a fundamental figure in OakNorth's progress, contributing significantly to the bank's strategy and financial guidance since its inception in September 2015. OakNorth, a digital bank targeting lower-mid-market businesses, has been recognized for its exceptional performance, providing around $16 billion in loans to these businesses. The bank's contributions to job creation and housing across the UK and the US have been notable, impacting thousands. The board is undertaking the search process for a new CFO and promises updates once concluded.
Sectors
- Financial Services
- Real Estate
Geography
- United Kingdom – OakNorth Bank plc is headquartered in the UK and plays a major role in the domestic lending market.
- United States – OakNorth has made significant contributions to job creation and housing development, indicating its operational footprint includes activities within the US.
Industry
- Financial Services – The article concerns OakNorth Bank plc, a digital bank part of the financial services sector, which focuses on loan provision and financial support to lower-mid-market businesses.
- Real Estate – OakNorth's lending activities have significantly contributed to the construction of 29,000 new homes, indicating an involvement in the real estate sector.
Financials
- $16 billion – Total loans provided by OakNorth to lower-mid-market businesses since its inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OakNorth Bank plc | Company | Target Company | A UK-based digital bank focused on supporting lower-mid-market businesses. |
| Rajesh Gupta | CFO | Person | Chief Financial Officer of OakNorth Bank, who is retiring after aiding in the bank's strategic growth. |
| Rishi Khosla | CEO | Person | Chief Executive Officer of OakNorth Bank, commenting on Gupta's retirement. |