New CEO announcement

A new chapter for Reliance Bank!

Reliance Bank announce today the appointment of Nikki Fenton as its new Chief Executive Officer (Designate) with Paul Croucher leaving to take up a new role. Nikki has more than 23 years of senior management experience and was most recently the Deputy CEO for Reliance Bank after her role as our Chief Financial Officer. Prior to joining Reliance Bank Nikki was the CFO at Unity Trust Bank where she worked for over 5 years, transforming a small ethical bank. Nikki has previously held roles at Coventry Building Society, InterContinental Hotels Group plc and KPMG. Nikki is a Chartered Accountant, Associate Member of the Corporate Treasurers Association and has a degree in Mathematics and French.

Justin van Wijngaarden, Chair of Reliance Bank commented: “I would like to thank Paul for his focus on rejuvenating the Bank over the last six years, strengthening its foundations and preparing us for this next chapter.

The Board are delighted to appoint Nikki Fenton as CEO. Nikki is an experienced executive, has supported the transformation journey and will continue to hold true to our aligned Salvation Army values whilst growing the business in a thoughtful way.”

Nikki Fenton, new CEO of Reliance Bank commented: “We extend our sincere gratitude to Paul for his vision and endeavours. I am proud to take over responsibility for this unique socially responsible bank with its ethical heritage. I look forward to working with the Board to create and implement a strategy for our next chapter where we will continue to support our shareholder and customer base by driving safe growth, responsive service with improved technology and carefully managing our expenses and regulatory position.

I look forward to helping our people grow and develop, motivated by our shared purpose to deliver positive societal outcomes aligned to the mission of The Salvation Army International.”