Tesco Bank CEO to join Australian RegTech firm
Written by Chris Lemmon
Benny Higgins, current CEO of Tesco Bank and group strategy director of Tesco plc, is to join Australian regulation technology firm Kyckr as non-executive chair in March 2018.
Higgins has more than 30 years’ experience in the financial services industry, having previously held senior posts in investment management and retail and business banking, including roles at Standard Life, RBS’ retail bank and HBOS.
Higgins – who announced in July that he would be retiring from Tesco Bank next year– will help to drive Kyckr’s expansion plans in Europe and the US. The company currently has offices in Sydney, Dublin and Bangkok, and its client include Bloomberg, IBM and Citigroup.
Commenting on his appointment, Higgins stated: “I was attracted to the strong commercial potential of Kyckr’s offering and its relevance to the financial services industry. I believe as chair, my experience will help guide the company in a successful European and US expansion to support the growing needs of customers, and I’m excited to be a part of the ongoing success of the company.”
John Van Der Wielen, current chair of Kyckr said: “This is a global coup for Kyckr, with the appointment of a deeply experienced global banker and entrepreneur, who has an outstanding reputation within the global banking sector.
“Benny will provide invaluable guidance to our board and management team, as we pursue our strategic expansion plans in Europe and the US. His significant experience in growing businesses to scale, focus on customer engagement, and deep knowledge of the global banking sector will be a significant advantage to Kyckr and make a real difference to our team. I am more than happy to pass the torch to such a well-respected individual and remain on the board and committed to the long-term success of Kyckr.”