Rishi Khosla

Rishi Khosla, CEO and co-founder of OakNorth Bank

Rishi Khosla is a British-Indian serial entrepreneur and the co-founder and chief executive officer of OakNorth Bank Limited,[1][2][3][4] a bank focused on lending to fast-growth businesses and entrepreneurs.[5][6][7][8] In May 2016, OakNorth became the first bank in the UK to have its core system fully hosted on the cloud[9][10][11][12] and in September 2016, announced that it had broken even, becoming the first completely new bank in the UK to achieve this in under a year.[13][14][15][16][17][18]

Education

Khosla holds a bachelor's degree in Economics from the University College London, and a Masters in Accounting & Finance from London School of Economics,[19][20][21] where he was awarded a scholarship by the Economic and Social Research Council.[22]

Career

After leaving the LSE he started his career in banking at ABN Amro,[23][24] before joining GE Capital’s London-based business development group in 1999. Here he focused on mergers and acquisitions.[25][26] During his tenure, he established an early stage venture fund for GE Capital, which he co-managed.[27][28] He subsequently joined the family office of steel baron Lakshmi Mittal, the current president and CEO of ArcelorMittal, to manage their venture capital and private equity investments.[29][30][31]

Khosla was one of the co-founders of Copal Amba along with his LSE class mate Joel Perlman. Copal Amba was an outsourced research company for investment banks, which was acquired by Moody's Corporation in 2014.[32][33] In mid-2008, Copal Amba was ranked the Number One Investment Research and Analytics KPO in Brown and Wilson Group's annual 'Black Book of Outsourcing 2008'.[34][35] Khosla was also one of the recipients of the Ernst & Young Entrepreneur of the Year Award in 2011.[36]

Khosla then founded OakNorth Bank[1] with Joel Perlman[37][38][39] in 2015.[40] In March 2015, the bank was awarded a full banking licence by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) and began deposit taking and lending in September 2015.[41][42][43] In May 2016, OakNorth became the first bank in the UK to have its core system fully hosted on the cloud after working with Amazon Web Services (AWS) to drive the development forward with the regulator.[7][44][45][46]

Philanthropy

Khosla was a Trustee of New Philanthropy Capital (NPC),[47][48] an organization providing independent research and tailored advice on the most effective ways to support charities,[49][50] for eight years.

References

  1. 1 2 "OakNorth Bank - changing the way businesses finance their growth". www.oaknorth.com. Retrieved 2016-01-19.
  2. ↑ Dunkley, Emma (2015-05-26). "Rishi Khosla: pioneer of challenger banking". Financial Times. ISSN 0307-1766. Retrieved 2016-06-01.
  3. ↑ ""We'll be dramatically different": OakNorth co-founder on lending to creatives and its plans for expansion in Manchester". Prolific North. Retrieved 2016-06-01.
  4. ↑ Partington, Richard (2015-08-19). "Ex-Mittal adviser Rishi Khosla opens UK bank with Wadhwani, Turner help". http://www.livemint.com/Industry/Zpdla59gvDJMR4jqcOJdNJ/ExMittal-adviser-Rishi-Khosla-opens-UK-bank-with-Wadhwani.html. Retrieved 2016-06-01. External link in |website= (help)
  5. ↑ "Mambu to Provide Cutting-Edge Banking Technology for OakNorth Bank". www.mambu.com. Retrieved 2016-01-19.
  6. ↑ Carey, Scott. "A bank for UK entrepreneurs just became the first to move core system to AWS cloud". ComputerworldUK. Retrieved 2016-06-01.
  7. 1 2 Dunkley, Emma (2016-05-26). "OakNorth takes UK banking into the cloud". Financial Times. ISSN 0307-1766. Retrieved 2016-06-01.
  8. ↑ "Weekend catchup — this week's personal finance headlines - FT.com". Financial Times. Retrieved 2016-06-01.
  9. ↑ "UK challenger bank OakNorth puts its core systems in AWS cloud". Retrieved 2016-08-16.
  10. ↑ "OakNorth Bank heads to the cloud with Amazon » Banking Technology". www.bankingtech.com. Retrieved 2016-08-16.
  11. ↑ "OakNorth the first UK cloud-based bank". www.fstech.co.uk. Retrieved 2016-08-16.
  12. ↑ "OakNorth moves core banking backbone to Amazon Web Services cloud". 2016-05-26. Retrieved 2016-08-16.
  13. ↑ "FT.com". www.ft.com. Retrieved 2016-10-05.
  14. ↑ Kirton, Hayley (2016-09-21). "How this challenger used Brexit as an opportunity and tipped into the black". Retrieved 2016-10-05.
  15. ↑ "OakNorth to launch easy access accounts after doubling loan book". www.bridgingandcommercial.co.uk. Retrieved 2016-10-05.
  16. ↑ Graham, Ben (2016-09-21). "Challenger bank OakNorth hits profitability in first year - Fintech Roundup". Retrieved 2016-10-05.
  17. ↑ Wood, Billy. "OakNorth becomes first challenger bank to turn a profit". Retrieved 2016-10-05.
  18. ↑ "Brexit? What Brexit?! OakNorth Bank achieves profitability less than a year after launching | News | LondonlovesBusiness.com". www.londonlovesbusiness.com. Retrieved 2016-10-05.
  19. ↑ London School of Economics Newsletter for the Supporters of LSE
  20. ↑ "Rishi Khosla: Executive Profile & Biography - Businessweek". www.bloomberg.com. Retrieved 2016-06-01.
  21. ↑ Ramesh, Randeep (2006-11-06). "Analyse this: Wall Street looks to India". the Guardian. Retrieved 2016-06-01.
  22. ↑ "Epiphany Ventures — Team". epiphanyventures.in. Retrieved 2016-01-19.
  23. ↑ "Rishi Khosla, CEO of Copal Partners, an outsourced research company for the financial services sector, and won Ernst & Young's Entrepreneur of the Year Award for London and The South". www.copalamba.com. Retrieved 2016-01-19.
  24. ↑ "Interview - Rishi Khosla - Alliance magazine". Alliance magazine. Retrieved 2016-06-01.
  25. ↑ Dunkley, Emma (2015-05-26). "Rishi Khosla: pioneer of challenger banking". Financial Times. ISSN 0307-1766. Retrieved 2016-01-19.
  26. ↑ Dunkley, Emma (2015-05-13). "Entrepreneurs ride second wave of bank start-ups". Financial Times. ISSN 0307-1766. Retrieved 2016-06-01.
  27. ↑ World Investment Conferences Europe 2011
  28. ↑ Economics Times Learning on the job with LN Mittal
  29. ↑ "Learning on the job with LN Mittal". timesofindia-economictimes. Retrieved 2016-01-19.
  30. ↑ "The Rs 29,000-crore surprise- Business News". www.businesstoday.in. Retrieved 2016-06-01.
  31. ↑ "Indiabulls Housing to buy 39.8% in UK's OakNorth Bank for $100M | VCCircle". www.vccircle.com. Retrieved 2016-06-01.
  32. ↑ "Indian lender buys $100m OakNorth stake". Insider Media Ltd. Retrieved 2016-01-19.
  33. ↑ ibrahimgarzon (2008-08-14), Rishi Khosla CEO of Copal Partners on CNBC, retrieved 2016-06-01
  34. ↑ "Copal Partners Named #1 Global Investment Research and Analytics KPO by the Black...". Reuters. 2008-07-01.
  35. ↑ "Copal Partners has been named the number one Knowledge Process Outsourcing (KPO) company globally for Investment Research and Analytics | Copal Amba". www.copalamba.com. Retrieved 2016-06-01.
  36. ↑ Ernst & Young Entrepreneur of the Year 2011 Award Recipients
  37. ↑ "How to maximise your chances of securing a small business loan | ByteStart". www.bytestart.co.uk. Retrieved 2016-06-01.
  38. ↑ "Mambu to Provide Cutting-Edge Banking Technology for OakNorth Bank". Bobsguide. Retrieved 2016-06-01.
  39. ↑ "New challenger bank OakNorth set to launch with marketing base in Manchester". Prolific North. Retrieved 2016-06-01.
  40. ↑ "Challenger bank OakNorth seals deal with cocktail chain". Telegraph.co.uk. Retrieved 2016-06-01.
  41. ↑ "OakNorth Bank gains licence and aims its proposition firmly at SME lending - Real Business". realbusiness.co.uk. Retrieved 2016-01-19.
  42. ↑ "OakNorth Bank gains licence and aims its proposition firmly at SME lending - Real Business". realbusiness.co.uk. Retrieved 2016-06-01.
  43. ↑ "Lord Adair Turner joins board of OakNorth as banking licence granted". This is Money. Retrieved 2016-06-01.
  44. ↑ "OakNorth the first UK cloud-based bank". www.fstech.co.uk. Retrieved 2016-06-01.
  45. ↑ "U.K. Challenger Bank OakNorth Moves to Cloud with Amazon - Paybefore". Paybefore. 2016-05-26. Retrieved 2016-06-01.
  46. ↑ "Thursday Papers: Citigroup fined for rate rigging". Citywire Money. Retrieved 2016-06-01.
  47. ↑ "Giving Insights: Making an impact in India". New Philanthropy Capital.
  48. ↑ Third Sector Home " News " Movers: Baroness Neuberger, board member, New Philanthropy Capital Movers: Baroness Neuberger, board member, New Philanthropy Capital
  49. ↑ New Philanthropy Capital NPC's trustees
  50. ↑ "NPC" (PDF). Charity Commission UK.
This article is issued from Wikipedia - version of the 11/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.