The Bank of London, a clearing and payments bank backed by over £75m in investment, has appointed Aris Asimakis as its new chief risk and compliance officer (CRCO).
In this role, Asimakis will be responsible for strengthening the Bank’s risk management, regulatory engagement, and economic crime prevention efforts as part of its ongoing transformation strategy.
Founded to modernise clearing and payments infrastructure, the Bank of London is working to build a safer and more efficient platform for financial services. With strong backing from investors such as Mangrove Capital Partners, the company is pursuing operational excellence, digital innovation, and regulatory resilience under its refreshed leadership team.
Asimakis brings more than two decades of experience in risk, regulatory and professional services. He previously served as CRO of Zempler Bank for over six years, where he developed the enterprise risk management framework, board risk reporting processes, and was pivotal in securing the bank’s full licence in 2021. His earlier career includes senior roles at Vanquis Bank, Tesco Bank, and the Prudential Regulation Authority.
In his new role, Asimakis will lead the optimisation of risk and compliance frameworks, covering areas such as capital and liquidity planning, recovery and resolution preparedness, risk appetite and key risk indicator (KRI) frameworks. His remit also includes advancing governance processes and supporting the safe adoption of new technologies.
This latest appointment marks the fifth senior leadership hire at the Bank of London in 2025. It follows last month’s announcement of Hana Rolles as chief commercial officer. The Bank continues to reinforce its executive bench as it enters the next phase of its transformation journey under the leadership of CEO Christopher Horne.
Aris Asimakis said, “Joining the Bank of London at this pivotal point in its growth journey, I look forward to advancing the Bank’s risk governance and driving transformation – including the safe adoption of emerging technologies – as we work to create a simpler, safer, and better-governed platform for clearing and payments.”
The Bank of London CEO Christopher Horne said, “Aris’s proven ability to implement risk appetite across functions – meeting customers’ expectations decisively and transparently – was immediately clear to me. I’m thrilled to welcome Aris to the team and am confident that together, the Bank will continue to unlock sustainable growth.”
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