The Bank of London has announced the appointment of Frankie Woodhead as its new chief product officer. This strategic move comes at a crucial time for the industry and the growing bank. Woodhead brings a wealth of experience to the role, having previously served as vice president and general manager at 10x Banking and holding various positions at Barclays since 2009.
A Vision for Change
Woodhead expressed his honor in taking on this role, emphasizing the need for fundamental changes in the world of banking to ensure safety and transparency. The Bank of London’s unique approach of not lending, investing, or leveraging any deposits provides a safer environment for client and customer money.
The bank has a bold vision and a clear product roadmap aimed at completely transforming the banking landscape. Woodhead is excited to collaborate with the team in delivering this vision.
Role and Responsibilities
As the new chief product officer, Woodhead will oversee the product vision, development, and delivery across both the UK bank and the wider group. This responsibility positions Woodhead as a key player in shaping the future of the Bank of London.
In a recent extension of its 2021 Series C round, the Bank of London raised an additional $40 million, bringing the total to $90 million at a valuation of $1.1 billion. This demonstrates the bank’s continued growth and financial stability.
With the appointment of Frankie Woodhead as chief product officer and its ongoing financial success, the Bank of London is poised to make significant strides in revolutionizing the banking industry. Woodhead’s expertise and the bank’s innovative product roadmap set the stage for a promising future.