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LHV Bank appoints new CFO

By Dalvinder Kular

LHV Bank has appointed Rachelle Frewer as its new chief financial officer (CFO).

Frewer has spent over 20 years working in financial services, having joined LHV Bank from Moneycorp bank, where she is currently CFP and a member of the board. Prior to this Frewer served as CFO at Wyelands Bank from 2019 to 2022.

Frewer, who will in addition join LHV Bank’s board of directors, is also a qualified account and has worked in leadership roles in treasury, operations, investor relations and compliance.

She will start the role on 2 January 2024, subject to regulatory approval.

The current CFO Gary Shere will step down from the board on 8 September.

Earlier this year, LHV Bank was authorised as a credit institution by the Prudential Regulation Authority (PRA), becoming the first organisation to receive a banking licence without restrictions in 2023.

After receiving its licence, LHV said that it plans to expand its services to a wider customer base. This includes accepting retail deposits as well as offering banking services to e-commerce businesses.

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