Four finalists, including RBS’s Apoorva Varma Mehta, were shortlisted for the top prize.
At the end of last year the Chartered Banker Institute (CBI) invited nominations for the Young Banker of the Year 2014 from across the financial services industry. Entrants were asked: How would you shape the future of banking? Their proposals had to be aimed at improving outcomes for customers, colleagues, communities or the company they work for.
Jamie’s idea involved creating an online resource to help businesses find funding after being turned down for lending by banks. His proposal involved connecting small businesses with funding needs to Local Investment Opportunity Networks (LIONs) in their area, and getting them to act as investors. Jamie is now in the process of sharing his idea with colleagues at RBS.
Jamie said: “I’m absolutely delighted to have been named as Young Banker of the Year. It is a huge sense of achievement. I thoroughly enjoyed the experience and I’m really looking forward to seeing if my idea can be implemented at RBS.”
Launched in 1987 by the CBI, the Young Banker of the Year award recognises people who are customer-focused, and demonstrate the professionalism and ethics promoted by the CBI.
John Needham, Head of Regulatory Design, Services and President of the CBI, said: “It is excellent, that as a bank, we had two finalists in this year’s competition. Jamie’s innovative entry was judged to be the best - it has the potential to be a real game-changer in terms of extending the bank’s reach. He delivered his presentation extremely well and was very effective at getting his ideas across.”