The former PayPal executive will lead global product strategy as ClearBank expands into new markets and sectors
ClearBank has appointed Spiros Theodossiou as its new chief product officer.
Spiros will lead the UK-based business bank and embedded banking provider’s global product strategy, work with teams to develop and maintain its capabilities, and play a key role in innovation.
ClearBank, founded in 2015, is looking to expand after it achieved profitability last year, as revenues reached £45m.
With more than 20 years of experience, Spiros previously worked as chief product officer at cloud accounting platform DEXT. Before this, he was senior vice president of product management at WorldPay, and he has also held senior roles at PayPal.
On his new position, Spiros said: “The growth opportunities, both in the UK and as ClearBank expands internationally, are phenomenal.
“I look forward to being a part of the bank’s journey, working closely with our clients to understand their needs, drive product innovation and help take our vision to new markets.”
Charles McManus, chief executive officer at ClearBank, commented: “We’re thrilled to have Spiros join ClearBank on its growth journey in the UK—and to help with our ambitious international plans.
“He joins a team focused on challenging the global marketplace and providing high-performance products worldwide and will be key to the next chapter in ClearBank’s story.”