Bank Aston has appointed its first Chief Risk and Compliance Officer.
Dr Michael Eichhorn has more than 20 years experience in similar roles at Landesbank Baden-Württemberg, Credit Suisse and RBS.
His appointment comes as Bank Aston looks to open to customers later this year.
Last June, it became the first home-grown Guernsey bank in a generation to be awarded a banking license by the Guernsey Financial Services Commission.
Dr Eichhorn said he has joined at an exciting time.
“It’s an exciting time to be joining Bank Aston and to take the lead on building out what will be a market-leading offshore bank with a strong risk and compliance framework underpinning it.
“Clients are demanding fast response times and agile solutions that are tailored to them, rather than being retrofitted into the tired approaches of the legacy banks – a key focus for us as we work towards onboarding our first customers in the second half of 2026.
“I like to say that I’ve got extensive hands-on experience, having worked through market- wide and idiosyncratic crisis events over the years. I’m now moving to the Channel Islands and joining Bank Aston’s battle to reshape offshore banking.”
Dr Eichhorn joins Paul Gorman, CEO, and Will Davey, CFO in the C-Suite, with more additions to come, said Mr Gorman.
“Having Michael join us is a significant coup for Bank Aston. He is a genuine global leader in his field and adds more international authority to the Bank.
“We continue to build out a strong team ahead of taking on our first customers later this year. The C-Suite is full of experience and offshore know-how, with the desire to tackle a cumbersome offshore banking market and bring it into the 21st century.”