Anthony Watson CBE transitions to non-executive director of Bank of London Group
The Bank of London today announced that Anthony Watson CBE, its founder, is stepping down from his role as chief executive officer (CEO). Watson will transition to a new role as founder & senior adviser while continuing to serve as non-executive director of The Bank of London Group – the firm’s holding company – and remains a shareholder. Stephen Bell, currently the chief risk and compliance Officer (CRCO), has been promoted to CEO, subject to regulatory approval.
Since its public launch in 2021, The Bank of London has grown rapidly, with more than 4,500 businesses and clients now using the bank’s innovative banking products and services. As the bank continues to build its presence in its core UK market and expand globally, this leadership transition comes at a pivotal moment.
Reflecting on his decision, Anthony Watson CBE said, “Deciding to step back from the role of CEO has been one of the most challenging decisions of my career, but I know it’s the right time after eight years leading the company. Founding The Bank of London and seeing it grow into what it is today has been the greatest privilege of my life. This bank is more than just a business to me — it’s a part of who I am. But just as a founder must build, they must also know the right time to pass the torch. Stephen joined the firm in 2021 and his leadership, and commitment have been critical to our success. I have full confidence that he is the right person to lead the bank into its next chapter, and I look forward to supporting him and the bank in my new role.”
David Skillen, chair of the UK Bank, added, “On behalf of the Board, I want to extend our deepest gratitude to Anthony for his pioneering leadership. He has not only created a different kind of bank but has also laid the foundation for its continued success. We are equally excited to welcome Stephen as our new CEO. His extensive experience and deep understanding of the industry have already been pivotal to our achievements. We look forward to seeing him lead the bank as we continue to build on our strong foundation in the UK.”
Stephen Bell, commenting on his appointment, stated, “I am deeply grateful to the Board for their confidence in my leadership and to Anthony for his unwavering vision in creating The Bank of London. It has been a privilege to be part of the bank’s journey, and I am excited to lead our team as CEO, continuing to build on the solid foundation we have established. Our commitment to our ‘safer by design’ operating model remains at the forefront as we move forward.”
Stephen brings a wealth of experience to the role of CEO, having served as the bank’s chief risk and compliance officer and country head for Northern Ireland. With a distinguished career in banking and financial services across large-scale banks in the UK, Europe, and beyond, Stephen has held numerous executive and non-executive leadership roles. His expertise in transforming businesses, from start-ups to large institutions, and his dedication to industry excellence are evidenced by his status as a fellow of the Institute of Directors and a certified bank director.
