Phillip Trevett appointed as new Chief Risk Officer at Al Rayan Bank

Al Rayan Bank has appointed Phillip Trevett as its new Chief Risk Officer, subject to regulator approval.

Philip has over 20 years of risk management experience in Financial Service and joins the Bank from Hoare & Co where, alongside managing the Bank’s regulatory relationships, he was responsible for enterprise risk, credit risk, compliance and financial crime. 

As a key member of the executive team, Phillip will be responsible for implementing and maintaining the risk management framework, policies, and procedures, and ensuring that the Bank meets its regulatory requirements.

Philip’s appointment is the latest addition to the Bank’s leadership team, following the appointment of Giles Cunningham as CEO in September and Michael Williams as Chairman in July.

Commenting on his appointment, Phillip said: “I am very pleased to be joining Al Rayan Bank, at such an exciting stage in the Bank’s history and I look forward to working closely with my colleagues in the executive team and across all levels of the bank to continue to develop and adapt our risk policies and processes in this fast-paced and dynamic market.

“Al Rayan Bank represents an exciting new challenge for myself and is one that I relish to take on. This new opportunity to work in one of the UK’s oldest Islamic banking institutions is a great privilege.”

Giles Cunningham, CEO of Al Rayan Bank added: “We are delighted to welcome Phillip on board. He brings many years of invaluable risk management leadership, and a strong track record of overseeing a broad range of services. His addition to the Bank’s executive will help ensure that the Bank has the leadership in place to deliver its ambitious plans.”

As an independent UK bank, Al Rayan Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.