Regulatory approval granted for appointment of new MeDirect Bank Group Chief Risk Officer

Lisa Fergus has been granted regulatory approval as MeDirect Bank Group’s new Chief Risk Officer, the bank confirmed on Friday.

Additionally, her appointment as Executive Director has also become effective.

The initial announcement that she joined the bank was made last month, following the resignation of Jamal Ismayilov from his role as Non-Executive Director and Member of the Board Risk Committee.

Ms Fergus is an experienced banking professional with more than 30 years of experience across enterprise risk management, compliance, financial crime, internal audit, and corporate governance.

Prior to her latest role, she served as Chief Risk Officer at UK-based Ashman Bank, a position she occupied for three years. She has also previously held the same position at Monzo, ClearBank and Masthaven, specialising in financial services technology start-ups.

Ms Fergus also has extensive experience across retail, wealth, commercial, and international banking, gained through a range of UK-based banking institutions, including roles such as Qualified Mortgage and Investment Advisor.

Throughout her career, she has successfully managed risk, compliance, financial crime, legal, corporate governance, and audit teams in multiple jurisdictions across EMEA, USA, Africa and Asia.

Ms Fergus holds a Bachelor of Science (Hons) in Financial Services from Manchester University and is a Member of the Chartered Banker Institution.

Sliema-based MeDirect Bank is a pan-European bank with two main lines of business: WealthTech and specialised mortgage lending. It has around 350 employees at group level, and is growing a tech platform at its headquarters in Malta to support its pan-European operations, currently in Belgium, the Netherlands and Malta.