Deposit Solutions to expand; appoints Mark Davison regional director for UK & Ireland

Deposit Solutions, an open banking platform for deposits, is expanding its European presence to six new regions: Austria, France & Benelux, Central and Eastern Europe, Iberia, Italy and Malta and Nordics and Baltics.

The company’s presence in the UK will be strengthened and extended to Ireland by appointing Mark Davison as regional director for UK & Ireland.

Mr. Davison joins Deposit Solutions from Natixis where he was managing director and head of financial institutions. Natixis is part of Groupe Banque Populaire/Caisse d’Epargne, which is among the largest French banks. Earlier on his career Mr. Davison was partner at KMPG and headed the European financial services team based in London. During previous managing positions at Fox-Pitt Kelton, Credit Suisse First Boston and Morgan, Grenfell & Co, he gained additional investment banking experience.

“Deposit Solutions is growing rapidly, and building our pan-European presence is a key priority for us,” CBO Max von Bismarck said. “We are delighted to have Mark Davison on board, who has high-level management experience and brings senior client relationships.”

Deposit Solutions operates an open banking platform for savings deposits. Its APIs allow any bank to easily connect to and benefit from its unique solution, either by sourcing deposits to deepen and diversify their funding base or by offering their own clients a choice of attractive deposit products from other banks under the existing account relationship. Since its foundation in 2011, Deposit Solutions has successfully established its open banking solution by partnering with more than 50 banks across Europe.