Novum Bank Limited has announced the appointment of Michael Hutko as new CEO.
He officially assumed responsibilities on 1st August 2016 succeeding Michael Warrington, who will continue his commitment with Novum Bank Limited in his new capacity as Non-Executive Director of the Board with chairmanship responsibility for the Compliance Committee.
Mr Warrington has been the banks’ CEO for 3 years. During that time, he accomplished significant achievements for the bank’s international growth and he will continue to support the company development in his new role within the bank.
Mr Hutko began his career at First USA Bank in Wilmington, Delaware, which is now part of Chase Bank. He gained a solid background in the financial services industry by holding various senior positions at The Associates in Texas, which is now part of Citigroup. He joined Barclays in 2001 first as Credit Risk Director in the UK Credit Card division (Barclaycard) and after as Director of Customer Value Management within the International Credit Card unit.
In 2007, Michael moved to Vanquis Bank as Commercial Director contributing to the bank’s exponential growth.
Michael has a Bachelor of Science Degree from Cornell University of Ithaca, New York.
“I am very excited to be here, and see tremendous opportunity for us to become a hugely successful business in the coming months and years. As the saying goes, ‘every journey starts with a single step’, and in that spirit, we’re going to start by building on our key strengths and capabilities.” said Michael Hutko after his official appointment as the new Novum Bank Limited CEO.