Bennett has more than 15 years’ experience in technology and banking, having worked at Tandem Bank for the past three years and Santander for 11 years previous to that.

He has led strategic organisational and transformational programmes and has a wide range of knowledge and experience in leading technology, change and operations in the financial banking sector.

He will join Castle Trust Bank on 29 March to lead the bank’s strategy and continuing investment and focus on technology, digitalisation and change.

Martin Bischoff, chief executive officer at Castle Trust Bank, said: “At Castle Trust Bank, we have already launched a market leading savings app enabling savers to manage their money through the latest face and fingerprint recognition technology and Nick will play a key role in continuing the digital transformation of our business.

“This will include further developing our savings technology, delivering new point of sale finance products to our network of over 1500 retailers, and building on the success of our bridge-to-let proposition to increase our lending through our growing network of intermediaries.”

Bennett added: “I’m delighted to be joining Castle Trust Bank at such an exciting time for the business, following the receipt of its banking licence.

“I can’t wait to start working with the team to build on the amazing work they’ve already done and deliver on the next stage of Castle Trust Bank’s digital transformation.”