JN Bank UK promotes Chris Waring to CEO following £20m SOMU investment
JN Bank UK, a regional subsidiary of The Jamaica National Group, has promoted its managing director of banking, Chris Waring, to the position of CEO, amid a fresh £20 million investment from Step One Money UK Limited (SOMU), which has been earmarked to “support its market expansion”.

JN Bank UK names new CEO
Waring assumed the role of acting CEO upon the departure of Paul Noble, who had led the subsidiary for nearly two years before joining Chetwood Bank as CEO in September.
First joining JN Bank UK in 2023, Waring previously served as chief commercial officer before being appointed as managing director of banking last year.
Prior to this, he is noted for developing Honeycomb Finance, a lending platform which was later sold to Allium Money and ultimately acquired by Tandem Bank in 2020.
JN Bank UK, which launched fully in 2020, provides personal savings accounts and unsecured personal loans as a digital bank, and is supported by a physical branch located in Brixton, south London.
In a statement, the bank says Waring has been tasked with leading its “next stage of growth” as CEO. This will include “expanding its product offerings”, with the SOMU investment to “support the bank’s focus on enhancing its technological capabilities, improving customer experiences, and driving future growth”.