Starling Bank appoints chief asset management officer

Starling Bank has appointed Damian Thompson as chief asset management officer as the challenger steps its acquisition and management of loan assets.

Thompson joins Starling Bank following a 19-year career at NatWest, where he most recently led the Banking Group’s UK Financial Institution client business as head of UK FI origination and solutions.

His previous team helped banks and non-bank lenders with funding, risk management and capital markets issuance, and specialised in helping clients buy, sell and finance portfolios of loans.

Commenting on his move to Starling Bank, Thompson said: “This role is centred on the need of the bank to grow its asset base in line with its deposit growth, recognising that some of those assets will be originated by Starling and some will be originated externally by third parties.”

He added: “It’s about making that work well, in a safe and secure way that generates returns.”

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