OakNorth Bank boosts Board with appointment of Carolyn Schuetz as a Non-Executive Director

  • Schuetz has over 30 years’ industry experience, as well as entrepreneurial experience, having started and scaled her own consultancy business;
  • The business focused on advising senior executives at early stage financial and technology companies in Silicon Valley on strategy, funding and business development;
  • Most recently she was COO for Group Retail Banking and Wealth Management at HSBC.

LONDON, 20 July 2021: OakNorth Bank – the UK bank for entrepreneurs by entrepreneurs – today announces the further strengthening of its Board of Directors with the appointment of Carolyn Schuetz as a Non-Executive Director.

With over 30 years of global financial services experience, Schuetz is an industry veteran with a track record of delivering large-scale transformational change and creating new ventures. Early in her career, she started and scaled her own business, Cypress Knowledge, a corporate consultancy advising senior executives at early stage financial and technology companies in Silicon Valley on strategy, funding and business development. Carolyn also worked with Charles Schwab & Co to help build their first-generation digital brokerage services platform. For the past 16 years, she was at HSBC, most recently as the Chief Operating Officer for Group Retail Banking and Wealth Management. She is a Chartered Professional Accountant and has an MBA from Stanford.

Commenting on the appointment, Joel Perlman, co-founder of OakNorth Bank, said: “Carolyn has several decades of varied and highly relevant experience across technology and financial services. She also has experience as an entrepreneur which is clearly aligned with our mission and the customers we serve. We are excited to be welcoming her to the Board and look forward to her valuable contribution.”

Carolyn Schuetz, Non-Executive Director at OakNorth Bank, added: “Having started and scaled my own business, I’m acutely aware of the challenges business owners face when it comes to accessing fast, flexible finance. This is one of the primary reasons that OakNorth’s mission and unique approach really resonates with me. I’ve been following the Bank’s incredible growth story for the last few years and am excited to now be a part of it. I look forward to working with the team and supporting entrepreneurs in their growth ambitions.”



Notes to editors

About OakNorth Bank plc

Launched in September 2015 and founded by entrepreneurs, OakNorth Bank provides fast, flexible and accessible debt finance to the UK’s Missing Middle.

Since its launch, the bank has:

  • Lent over £5.5B, directly helping with the creation of 20,300 new homes and 23,700 new jobs across the UK;
  • Raised deposits from c.175,000 savers;
  • Supported several hundred businesses across the UK with the debt finance to pursue their growth ambitions.

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Visit wordpress-test-website.oaknorth-it.com for more information.


Valentina Kristensen, Director – Growth & Communications – valentina.kristensen@oaknorth.co.uk / press@oaknorth.co.uk / +44 757 234 9009


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