Unity Trust Bank has announced the appointment of Penny Hogan as its new Chief Financial Officer (CFO). Hogan, who joined Unity in 2021 as Financial Controller, steps into the role following a series of significant contributions to the business over the past three years. Her promotion reflects her strong impact and dedication to the bank's mission and objectives.
With 14 years of experience in financial services, Hogan brings a wealth of expertise to Unity Trust Bank. Her previous roles include senior positions at the Co-operative Bank, such as Head of Retail Pricing and Head of Financial Reporting. Her career also includes substantial experience at Deloitte, where she worked in key financial hubs, including Manchester, London, New York, and Dubai.
In her new role, Hogan will oversee investment in business change areas aimed at enhancing customer experience. This includes developments in Unity's online banking platform and the introduction of new digital tools and products. Hogan expressed her enthusiasm for her new role, stating, “Unity’s ambition to help create a better society is at the heart of its proposition and this strongly aligns with my own personal values. It’s incredibly rewarding to work for an organisation that prioritises positive impact alongside profit.”
Hogan’s approach to her role emphasizes the broader impact of financial stewardship. She remarked, “I often think of this role as Chief 'Futures' Officer, as through delivering strong commercial returns, we can continue to support organisations that demonstrate a positive contribution to social, economic, and environmental change.”
During her tenure at Unity, Hogan has also been instrumental in maintaining the bank's commitment to the Fair Tax Mark accreditation scheme. Unity Trust Bank was the first UK bank to be awarded the Fair Tax Mark in 2014 and has retained the accreditation for 10 consecutive years, showcasing its dedication to fair and transparent tax practices.
Colin Fyfe, CEO of Unity Trust Bank, praised Hogan’s appointment, highlighting her financial expertise and market knowledge. He commented, “Penny is a real asset to the business. We’re committed to investing in our people and supporting career development, and I’m delighted to see Penny progress to her new role.”
Founded in 1984 by the trade union movement, Unity Trust Bank has a rich history of serving the common good.In its 2023 end-of-year results, the bank revealed record loan levels, jumping by 21% from the year before and breaking $1.28 billion for the first time. Remarkably, 45.3% of its funding went into highly impoverished areas.In addition to being listed in The Sunday Times Best Places to Work 2024 and receiving the King's Award for Enterprise in Sustainable Development 2024, Unity Trust Bank is celebrating its 40th anniversary.The bank is a Real Living Wage and Disability Confident Employer, upholds the Gold Standard for Investors in People, and is a signatory to the Women in Finance Charter.
With Hogan's appointment, Unity Trust Bank looks forward to continuing its mission of delivering social good alongside financial success.
