Digital bank OakNorth has announced the appointment of Virgin Money UK’s Gergely Zaborszky as its new chief financial officer.
Pending regulatory approval, Zaborszky will make the move to London-based OakNorth from July of this year, succeeding Rajesh Gupta, who will retire after more than five years at the company.
Zaborszky has spent the past six years at Virgin Money UK, most recently serving as its finance chief, leading the group’s fiscal strategy during its acquisition by Nationwide Building Society.
Prior to his joining Virgin Money UK, Zaborszky spent a number years across several positions at GE, including as a CFO in its health care subsidiary and GE Capital.
“OakNorth has built a unique model that combines innovation, rigorous credit culture, and a genuine commitment to the businesses that drive economic growth,” said Zaborszky.
“Joining at such an exciting point – with strong profitability, and an ambitious growth agenda – is a privilege.”
Zaborszky joins OakNorth as it seeks continued expansion across both its home market in the UK and its increasingly key US operations.
“Gergely’s extensive background in both banking and global corporates gives him a distinctive perspective on managing complex financial operations and scaling performance across international markets,” said OakNorth chief executive Rishi Khosla.
“His appointment marks an important step in OakNorth’s next stage of growth as we continue to expand both in the UK and US. On behalf of everyone at OakNorth, we are so grateful to Rajesh for his incredible contribution over the past five and a half years.”
