New Head of Institutional Banking appointed to drive growth in the DACH region
Munich, November 2021 – Banking Circle, the tech-led Payments Bank, has appointed a highly experienced banker as its new Head of Institutional Banking for the DACH region.
Timo Florian Zwez joins Banking Circle from well known and highly reputable commercial wholesale bank, Bayerische Landesbank (BayernLB), where he spent nearly 6 years building the financial institutions (FI) platform in Europe in his capacity as senior director FI origination within the capital markets unit. Timo brings with him nearly two decades of experience working closely with Treasury Departments of banks, public sector clients and corporates in his roles at UBS, Standard Chartered, RBS and Dresdner Kleinwort being based in London, Singapore and Frankfurt. His outstanding career in client facing roles, his strategic approach combined with his industry knowledge and unique understanding of the needs of the sector will be a great asset going forward.
He will be particularly focused on Banking Circle’s ambitious growth plans in the DACH Banking marketplace, assisting institutions in cutting the costs and speed of cross border payments.
“We are delighted that Timo is heading up the DACH Institutional Banking team”, commented Anders la Cour, Chief Executive Officer of Banking Circle Group. “His background in strategic planning and client relationship development will be invaluable as we grow in the DACH region. We look forward to working closely together as Banking Circle expands around the world to help more Banks and Non-Bank Financial Institutions provide more affordable and accessible banking solutions to their underlying customers.”
Timo Zwez added: “Banking Circle is an exciting Payments Bank and one of the few in the sector that is truly making a positive difference in addressing the challenges around global cross border payments. I am excited to be joining the DACH team and look forward to taking on the challenge of driving growth and delivering valuable solutions to Financial Institutions across the region.”