Rishi Khosla
Rishi Khosla is a British-Indian serial entrepreneur and the co-founder and chief executive officer of OakNorth Bank Limited,[1][2][3][4] a bank focused on lending to fast-growth businesses and entrepreneurs.[5][6][7][8] In May 2016, OakNorth became the first bank in the UK to have its core system fully hosted on the cloud[9][10][11][12] and in September 2016, announced that it had broken even, becoming the first completely new bank in the UK to achieve this in under a year.[13][14][15][16][17][18]
Education
Khosla holds a bachelor's degree in Economics from the University College London, and a Masters in Accounting & Finance from London School of Economics,[19][20][21] where he was awarded a scholarship by the Economic and Social Research Council.[22]
Career
After leaving the LSE he started his career in banking at ABN Amro,[23][24] before joining GE Capital’s London-based business development group in 1999. Here he focused on mergers and acquisitions.[25][26] During his tenure, he established an early stage venture fund for GE Capital, which he co-managed.[27][28] He subsequently joined the family office of steel baron Lakshmi Mittal, the current president and CEO of ArcelorMittal, to manage their venture capital and private equity investments.[29][30][31]
Khosla was one of the co-founders of Copal Amba along with his LSE class mate Joel Perlman. Copal Amba was an outsourced research company for investment banks, which was acquired by Moody's Corporation in 2014.[32][33] In mid-2008, Copal Amba was ranked the Number One Investment Research and Analytics KPO in Brown and Wilson Group's annual 'Black Book of Outsourcing 2008'.[34][35] Khosla was also one of the recipients of the Ernst & Young Entrepreneur of the Year Award in 2011.[36]
Khosla then founded OakNorth Bank[1] with Joel Perlman[37][38][39] in 2015.[40] In March 2015, the bank was awarded a full banking licence by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) and began deposit taking and lending in September 2015.[41][42][43]
Philanthropy
Khosla was a Trustee of New Philanthropy Capital (NPC),[44][45] an organization providing independent research and tailored advice on the most effective ways to support charities,[46][47] for eight years.
References
- 1 2 "OakNorth Bank - changing the way businesses finance their growth". www.oaknorth.com. Retrieved 2016-01-19.
- ↑ Dunkley, Emma (2015-05-26). "Rishi Khosla: pioneer of challenger banking". Financial Times. ISSN 0307-1766. Retrieved 2016-06-01.
- ↑ ""We’ll be dramatically different": OakNorth co-founder on lending to creatives and its plans for expansion in Manchester". Prolific North. Retrieved 2016-06-01.
- ↑ Partington, Richard (2015-08-19). "Ex-Mittal adviser Rishi Khosla opens UK bank with Wadhwani, Turner help". http://www.livemint.com/Industry/Zpdla59gvDJMR4jqcOJdNJ/ExMittal-adviser-Rishi-Khosla-opens-UK-bank-with-Wadhwani.html. Retrieved 2016-06-01. External link in
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(help) - ↑ "Mambu to Provide Cutting-Edge Banking Technology for OakNorth Bank". www.mambu.com. Retrieved 2016-01-19.
- ↑ Carey, Scott. "A bank for UK entrepreneurs just became the first to move core system to AWS cloud". ComputerworldUK. Retrieved 2016-06-01.
- ↑ Dunkley, Emma (2016-05-26). "OakNorth takes UK banking into the cloud". Financial Times. ISSN 0307-1766. Retrieved 2016-06-01.
- ↑ "Weekend catchup — this week’s personal finance headlines - FT.com". Financial Times. Retrieved 2016-06-01.
- ↑ "UK challenger bank OakNorth puts its core systems in AWS cloud". Retrieved 2016-08-16.
- ↑ "OakNorth Bank heads to the cloud with Amazon » Banking Technology". www.bankingtech.com. Retrieved 2016-08-16.
- ↑ "OakNorth the first UK cloud-based bank". www.fstech.co.uk. Retrieved 2016-08-16.
- ↑ "OakNorth moves core banking backbone to Amazon Web Services cloud". 2016-05-26. Retrieved 2016-08-16.
- ↑ "FT.com". www.ft.com. Retrieved 2016-10-05.
- ↑ Kirton, Hayley (2016-09-21). "How this challenger used Brexit as an opportunity and tipped into the black". Retrieved 2016-10-05.
- ↑ "OakNorth to launch easy access accounts after doubling loan book". www.bridgingandcommercial.co.uk. Retrieved 2016-10-05.
- ↑ Graham, Ben (2016-09-21). "Challenger bank OakNorth hits profitability in first year - Fintech Roundup". Retrieved 2016-10-05.
- ↑ Wood, Billy. "OakNorth becomes first challenger bank to turn a profit". Retrieved 2016-10-05.
- ↑ "Brexit? What Brexit?! OakNorth Bank achieves profitability less than a year after launching | News | LondonlovesBusiness.com". www.londonlovesbusiness.com. Retrieved 2016-10-05.
- ↑ London School of Economics Newsletter for the Supporters of LSE
- ↑ "Rishi Khosla: Executive Profile & Biography - Businessweek". www.bloomberg.com. Retrieved 2016-06-01.
- ↑ Ramesh, Randeep (2006-11-06). "Analyse this: Wall Street looks to India". the Guardian. Retrieved 2016-06-01.
- ↑ "Epiphany Ventures — Team". epiphanyventures.in. Retrieved 2016-01-19.
- ↑ "Rishi Khosla, CEO of Copal Partners, an outsourced research company for the financial services sector, and won Ernst & Young’s Entrepreneur of the Year Award for London and The South". www.copalamba.com. Retrieved 2016-01-19.
- ↑ "Interview - Rishi Khosla - Alliance magazine". Alliance magazine. Retrieved 2016-06-01.
- ↑ Dunkley, Emma (2015-05-26). "Rishi Khosla: pioneer of challenger banking". Financial Times. ISSN 0307-1766. Retrieved 2016-01-19.
- ↑ Dunkley, Emma (2015-05-13). "Entrepreneurs ride second wave of bank start-ups". Financial Times. ISSN 0307-1766. Retrieved 2016-06-01.
- ↑ World Investment Conferences Europe 2011
- ↑ Economics Times Learning on the job with LN Mittal
- ↑ "Learning on the job with LN Mittal". timesofindia-economictimes. Retrieved 2016-01-19.
- ↑ "The Rs 29,000-crore surprise- Business News". www.businesstoday.in. Retrieved 2016-06-01.
- ↑ "Indiabulls Housing to buy 39.8% in UK's OakNorth Bank for $100M | VCCircle". www.vccircle.com. Retrieved 2016-06-01.
- ↑ "Indian lender buys $100m OakNorth stake". Insider Media Ltd. Retrieved 2016-01-19.
- ↑ ibrahimgarzon (2008-08-14), Rishi Khosla CEO of Copal Partners on CNBC, retrieved 2016-06-01
- ↑ "Copal Partners Named #1 Global Investment Research and Analytics KPO by the Black...". Reuters. 2008-07-01.
- ↑ "Copal Partners has been named the number one Knowledge Process Outsourcing (KPO) company globally for Investment Research and Analytics | Copal Amba". www.copalamba.com. Retrieved 2016-06-01.
- ↑ Ernst & Young Entrepreneur of the Year 2011 Award Recipients
- ↑ "How to maximise your chances of securing a small business loan | ByteStart". www.bytestart.co.uk. Retrieved 2016-06-01.
- ↑ "Mambu to Provide Cutting-Edge Banking Technology for OakNorth Bank". Bobsguide. Retrieved 2016-06-01.
- ↑ "New challenger bank OakNorth set to launch with marketing base in Manchester". Prolific North. Retrieved 2016-06-01.
- ↑ "Challenger bank OakNorth seals deal with cocktail chain". Telegraph.co.uk. Retrieved 2016-06-01.
- ↑ "OakNorth Bank gains licence and aims its proposition firmly at SME lending - Real Business". realbusiness.co.uk. Retrieved 2016-01-19.
- ↑ "OakNorth Bank gains licence and aims its proposition firmly at SME lending - Real Business". realbusiness.co.uk. Retrieved 2016-06-01.
- ↑ "Lord Adair Turner joins board of OakNorth as banking licence granted". This is Money. Retrieved 2016-06-01.
- ↑ "Giving Insights: Making an impact in India". New Philanthropy Capital.
- ↑ Third Sector Home " News " Movers: Baroness Neuberger, board member, New Philanthropy Capital Movers: Baroness Neuberger, board member, New Philanthropy Capital
- ↑ New Philanthropy Capital NPC's trustees
- ↑ "NPC" (PDF). Charity Commission UK.