REG - OakNorth Bank PLC - Appointment of CFO
23/02/2026 08:15
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RNS Number : 9333T OakNorth Bank PLC 23 February 2026
Appointment of CFO
OakNorth Bank plc (OakNorth) has today announced the appointment of Gergely
Zaborszky as its new Chief Financial Officer (CFO), subject to regulatory
approval, effective from July 2026. Gergely succeeds Rajesh Gupta, who will
retire this year after more than five years with the company.
Gergely joins OakNorth's Board and Executive Leadership Team from Virgin Money
UK PLC, where he has spent the past six years, most recently serving as Chief
Financial Officer, leading the bank's financial strategy through a period of
transformation and growth, after its acquisition by Nationwide Building
Society in 2024. Prior to this, he was Head of Portfolio Management and
FP&A at Virgin Money, driving capital optimisation, balance sheet
efficiency, and forecasting discipline. Before joining Virgin Money, Gergely
held several international positions, including significant US-based finance
leadership roles during his decade with GE. He served in CFO capacities across
GE HealthCare and GE Capital, overseeing their imaging, leveraged finance,
working-capital solutions, and strategic-ventures businesses.
His appointment comes at a pivotal time in OakNorth's journey. Since its
founding in 2015, OakNorth has consistently demonstrated strong performance
and resilience, helping thousands of breakthrough businesses - profitable and
scaling lower-mid-market companies - who are too often overlooked by
traditional banks, across sectors such as healthcare, real estate,
hospitality, childcare & education and manufacturing. Over the past
decade, OakNorth has lent over $21bn across the UK and US, directly supporting
the creation of 61,000 new jobs and almost 38,000 new homes. The bank ranks
among the top 1% of banks globally for return on equity (ROE) and has built a
reputation for market-leading credit metrics and disciplined risk management.
Rishi Khosla, Co-Founder and CEO of OakNorth, said: "Gergely's extensive
background in both banking and global corporates gives him a distinctive
perspective on managing complex financial operations and scaling performance
across international markets. His appointment marks an important step in
OakNorth's next stage of growth as we continue to expand both in the UK and
US. On behalf of everyone at OakNorth, we are so grateful to Rajesh for his
incredible contribution over the past five and a half years."
Gergely Zaborszky, incoming CFO at OakNorth, continued: "OakNorth has built a
unique model that combines innovation, rigorous credit culture, and a genuine
commitment to the businesses that drive economic growth. Joining at such an
exciting point - with strong profitability, and an ambitious growth agenda -
is a privilege. I look forward to working with Rishi, Joel, and the team to
continue building on this success and to help take OakNorth to its next stage
globally."
For more information, please contact:
Investor.Relations@oaknorth.co.uk (mailto:Investor.Relations@oaknorth.co.uk)
About OakNorth
Launched in September 2015 and founded by entrepreneurs, Rishi Khosla and Joel
Perlman, OakNorth is a digital bank focused on serving and empowering
breakthrough businesses - profitable and scaling lower-mid-market companies -
who are too often overlooked by traditional banks.
To date, it has provided $21bn to these businesses across a wide range of
sectors, achieving performance metrics that place it amongst the top 1% of
commercial banks globally. Its loans have directly contributed to the creation
of 61,000 jobs, and over 38,000 new homes across the UK and the US - the
majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.com (https://www.oaknorth.com/) for more information.
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