"As these businesses begin to recover from the pandemic, they will need further support and White Oak is launching several new product initiatives"
White Oak has appointed Natasha Powell as director of risk and compliance.
To date, White Oak has provided £315 million in CBILS loans to SMEs across the UK and now has plans to expand its reach and capabilities.
Natasha will take the lead on managing the firm’s regulatory compliance risk framework. The role will involve identifying, assessing, and reporting on risks; providing oversight and challenge to the business’s execution and adherence to its regulatory obligations; and managing the firm's ongoing relationship with the FCA.
Natasha has over 15 years’ experience in financial compliance and regulatory roles, most recently heading up her own compliance consultancy firm advising European hedge funds, asset managers and prime brokerage firms on effective compliance strategy and framework implementation. Prior to working as a consultant, Natasha spent 10 years in senior compliance roles at RBS, Schroders and Barclays Capital. She also worked as a European regulatory policy expert at the Financial Services Authority, now the FCA.
Natasha Powell said: “Since working with White Oak last summer, I have been constantly impressed with the competency and attitude across the whole business, and the commitment to doing the right thing for the customer. In particular, White Oak’s wide range of products enable the firm to work alongside its customers to provide the most effective lending solutions tailored to each customer’s specific circumstances and needs.”
Andy Davies, managing director of White Oak, commented: “We are delighted with the appointment of Natasha. At White Oak we believe that treating customers fairly is at the heart of our culture and practices. Over the last year, we have attracted over 1,000 new customers through our highly successful CBILS programme which provided £315m of funding to the UK economy. As these businesses begin to recover from the pandemic, they will need further support and White Oak is launching several new product initiatives in order to support, including asset finance, invoice finance, office refurbishment loans in additional to its full suite of working capital solutions.”