The planned bank has already attracted the significant investment required to meet UK regulatory capital rules and is preparing to launch in the summer of 2016.
James has a strong background in retail banking with a particular expertise in providing savings products and services. As the first Savings Director for Shawbrook Bank he led the growth in customer deposits from £900 million to over £2.1 billion in 17 months. He was also the youngest bank MD in Guernsey, having set up Clydesdale Bank International, which operated as a specialist offshore savings bank for National Australia Bank and successfully grew deposits to over £1.6 billion. Prior to joining Masthaven, James was responsible for setting up Harrods Bank savings business.
Jon Hall, who will lead Masthaven Bank as Managing Director, said:
“We are de-lighted to welcome James, whose record in providing attractive and valued savings products and services speaks for itself. As Head of Savings James will be key to de-livering Masthaven Bank’s flexible approach which will enable savers to make financial choices which better suit their goals and easily access a range of competitive online fixed-interest savings products.
“In James Blower, we have a proven expert with an enviable track record in understanding and delivering what customers want from their savings.’’
James Blower commented:
“I am delighted to be joining Masthaven Bank. Savers have been ignored for far too long and I look forward to providing the products and service to offer Masthaven Bank customers a really attractive alternative to the ‘one size fits all’ mentality of the big banks.”
