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Cynergy Bank appoints CFO and CRO

Cynergy Bank appoints CFO and CRO
Anna Sagar
Written By:
Posted:
February 11, 2025
Updated:
February 11, 2025

Cynergy Bank has appointed Stefano Combi as its chief financial officer (CFO) and Paul Street as its chief risk officer (CRO).

Combi has been with Cynergy Bank since 2024, initially joining as transformation director and head of strategic finance before becoming interim CFO.

Prior to that, he was a partner at Ashcombe Advisers for around a year. Before that, he worked at HSBC for nearly 12 years, most recently as the managing director for its financial institutions group.

Street has worked at Cynergy Bank since 2017, coming on as head of property finance for the South and working his way up to chief credit officer.

Before that, he was the director of real estate finance for London and the South East for nearly three years and spent around 15 years at Lloyds Banking Group in various senior roles, including as the director of financial markets.

Nick Fahy, CEO of Cynergy Bank, said: “Stefano and Paul both bring a wealth of experience and have been instrumental to our success in recent years. Their appointments as CFO and CRO, respectively, further strengthen our executive team as we continue to disrupt the mid-market and evolve our Human Digital Bank journey.”

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Combi noted: “Having followed Cynergy Bank closely over the years and seen its impressive growth trajectory, I am now excited about being part of the C-suite and working closely with the senior management in taking the bank to its next level in developing an innovative mid-market Human Digital banking platform.”

Street added: “Having been part of the Cynergy Bank journey for several years and watched the firm grow, I am proud and excited to be part of its C-suite to help continue the Cynergy Bank story through further growth and innovation.”

Cynergy Bank was founded in 2018 and has provided over £4bn in lending aimed at “scaling mid-market businesses across the UK, in addition to offering retail deposits to UK savers”.