Philip Hammond Joins OakNorth Advisory Board

Philip Hammond is the former UK chancellor and foreign secretary; now he has joined OakNorth’s advisory board; Hammond stated to the FT, “Fintech is one of Britain’s success stories and OakNorth is a flagship of the British fintech sector…OakNorth’s principal lending sector is an area I know pretty well and I’m very excited about the prospect of rolling [its technology] out with partners around the globe.”; OakNorth is backed by SoftBank’s Vision Fund and was last valued at $2.8 billion; Rishi Khosla. CEO of OakNorth noted that Mr Hammond’s connections and his economic expertise would be valuable to the company. Financial Times

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