Open Banking platform Bud has appointed former Man Group chief executive and City grandee Lord Fink as chairman of its board of directors.

Bud’s technology platform underpins banks’ mobile apps to aggregate financial data and help customers understand their finances.

Fink’s appointment follows his involvement in the company’s Series A fundraise in February and will be finalised subject to regulatory approval.

Raman Bhatia, who previously held a seat on the board on behalf of HSBC, will also join the board in his own right, following his appointment as the chief operating officer at the energy firm Ovo.

Once dubbed “the godfather of the UK hedge funds”, Fink has become increasingly involved in the UK fintech sector over recent years and is also chair of the board for the financial education company Blackbullion.

Commenting on his appointment, he said: “Of course I’m looking for a financial return on my investments, but when I choose to invest my time in a company it’s because there is more than a financial return at stake.

“It’s no hyperbole in saying that our relationship with our personal data will be one of the great challenges of the next decade,” he continued, adding: “Bud is one of the few companies genuinely involved in shaping this relationship and, if we can get it right, it has the potential to affect massive, fundamental change.”

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