LHV Bank appoints new CFO

LHV Bank has appointed Rachelle Frewer as its new chief financial officer (CFO).

Frewer has spent over 20 years working in financial services, having joined LHV Bank from Moneycorp bank, where she is currently CFP and a member of the board. Prior to this Frewer served as CFO at Wyelands Bank from 2019 to 2022.

Frewer, who will in addition join LHV Bank’s board of directors, is also a qualified account and has worked in leadership roles in treasury, operations, investor relations and compliance.

She will start the role on 2 January 2024, subject to regulatory approval.

The current CFO Gary Shere will step down from the board on 8 September.

Earlier this year, LHV Bank was authorised as a credit institution by the Prudential Regulation Authority (PRA), becoming the first organisation to receive a banking licence without restrictions in 2023.

After receiving its licence, LHV said that it plans to expand its services to a wider customer base. This includes accepting retail deposits as well as offering banking services to e-commerce businesses.

    Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.

Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.