ClearBank, a London-based clearing and embedded banking provider, has appointed Mark Fairless as its new Chief Executive Officer.
Fairless, who has served as ClearBank’s Chief Financial Officer and Group Board member since January 2023, succeeds co-founder Charles McManus.
McManus will remain involved in the company’s strategy as a non-executive member of the Group Board.
Fairless has played a key role in implementing ClearBank’s long-term strategy and driving operational improvements.
Before joining ClearBank, he was CFO of the M&G Heritage Business and previously held senior roles at Santander UK and Barclays Investment Bank.
Mark Fairless commented:
“I’m thrilled to lead ClearBank as CEO. This is a business that has made significant strides in recent years and has huge potential to go further. With strong foundations, we’re primed for the next phase of ClearBank’s evolution.”
Charles McManus added:
“It’s been a privilege to lead ClearBank over the last nine years. I hand over to a trusted partner who has been central to the business during the past two years and will be a strong leader as we continue to grow. My commitment to ClearBank remains unwavering, and while I step back from day-to-day operations, I will continue to support the industry through my role with the Unicorn Council.”
Featured image credit: edited from freepik
