CFIT appoints Stephen Ingledew and Alex Marsh as independent non-executive directors
The UK’s Centre for Finance, Innovation and Technology (CFIT) has appointed FinTech Scotland’s chairman Stephen Ingledew and former Klarna UK head Alex Marsh to its board as independent non-executive directors.
CFIT, which launched in the UK earlier this year, is a private sector-led body which aims to draw on industry expertise and support the growth of the fintech sector in the country.
CFIT calls Stephen Ingledew “an influential advocate of making the financial world more open, creative and inclusive”. He is a founder of the Fintech National Network, which facilitates collaboration across all UK regional fintech clusters.
At CFIT, he will set up and chair the Remuneration and Nomination Committee, responsible for overseeing the nomination of board members and executive directors.
Alex Marsh is described by the group as a “well respected leader in the banking, fintech and retail sectors” and has also been an active member of the UK Fintech Strategy Group and the International Fintech Group.
At CFIT, he will be responsible for chairing the Finance, Audit and Risk Committee, which will oversee risk management, financial reporting and compliance processes.
Commenting on the appointments, Charlotte Crosswell, chair of CFIT, says: “Alex brings significant experience of working within start-ups and scale-ups, understands the barriers they face and has great financial and risk management expertise, which is crucial to us as a publicly funded body.”
“Stephen’s experience in setting up and driving national fintech coalitions is invaluable to us. His four-decade long career facilitating collaborations across all UK regional fintech clusters will be instrumental in shaping our operating model going forward.”
CFIT says the appointments will “strengthen” its governance as it begins bringing together time-limited coalitions of experts from the fields of finance, tech, academia and policy to aid consumers and SMEs. Its first coalition will consider opportunities within open finance.