OakNorth Bank has appointed Gergely Zaborszky as its new chief financial officer (CFO), replacing Rajesh Gupta, who is retiring in July after five years at the firm.

Zaborszky has joined the bank from Virgin Money UK, where he has spent the past six years, most recently as its CFO.

In this role, he led the bank’s financial strategy after its acquisition by Nationwide Building Society. He also previously served as Virgin Money UK’s head of portfolio management and FP&A.

Prior to this, Zaborszky held several international positions, including as CFO at GE Healthcare and GE Capital.

OakNorth said his appointment comes at a "pivotal time" in its journey.

In the last decade, it has lent over $21bn across the UK and US to support 61,000 new jobs and almost 38,000 new jobs across sectors including healthcare, real estate, hospitality, childcare, education and manufacturing.

Co-founder and chief executive officer at OakNorth, Rishi Khosla, said: "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.

"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."

Zaborszky added: "OakNorth has built a unique model that combines innovation, rigorous credit culture, and a genuine commitment to the businesses that drive economic growth. Joining at such an exciting point - with strong profitability, and an ambitious growth agenda - is a privilege. I look forward to working with Rishi, Joel, and the team to continue building on this success and to help take OakNorth to its next stage globally."

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