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Anthony Watson is the banker taking on the Big Four

A jet-setting financier who flaunts his luxurious way of life on Instagram has defended his glamorous picture as he launches a brand new British financial institution. Anthony Watson – who is already being branded the ‘Insta-banker’ – has arrange the Bank of London, a clearing financial institution that can course of funds in Britain and overseas pitting it in opposition to the huge 4 lenders: Barclays, NatWest, HSBC and Lloyds.

The new banking group has appointed Lord Mandelson, who was Business Secretary underneath Gordon Brown, as its deputy chairman, and one other Labour politician, Baroness Margaret McDonagh, as an impartial non-executive director. 

Watson has additionally drafted in a former senior government at the Financial Conduct Authority and a Goldman Sachs banker. 

Luxury: Anthony Watson’s pictures of himself on his open Instagram feed

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Luxury: Anthony Watson’s photos of himself on his open Instagram feed

But not like typical chief executives of banks, Watson catalogues his lavish life on social media regardless of his position at the helm of a newly regulated financial institution – a place that is carefully scrutinised by regulators given the potential affect on Britain’s economic system and prospects. 

Photographs posted by the former Barclays banker on his Instagram account present him enjoyable on non-public jets, together with one at MiamiOpa Locka government airport, which is reserved for personal planes. 

Another photograph is captioned ‘Ciao London. The slopes of Gstaad await! Life is quick. Your wings exist already. All it’s a must to do is FLY! Thanks for the experience @netjets #PrivateJet #PrivateJetLife.’ 

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Other photos present Watson having fun with high finish ski resorts, yachts, helicopters, and hanging out with celebrities from Made In Chelsea. 

Watson, 45, informed The Mail on Sunday: ‘I’m not ashamed or embarrassed about my life. That’s why my Instagram is open, I’m not going to apologise for a way I look, nor for being profitable. I’ve the proper to take pleasure in the fruits of my labour like everyone else. If I had been the chief government of a financial institution I did not create – I put my very own cash on this – if I had been chief government of Lloyds, I most likely would not be as flamboyant as I’m with my private life on Instagram.’ 

Watson has daring ambitions. He mentioned he was planning for Bank of London to be greater than the likes o Barclays and HSBC in 5 years in the quantity of funds it’s going to course of. He mentioned the financial institution was utilizing slick know-how to permit money to be transferred and instantly accessible in a recipient’s account and can supply enterprise banking from money administration to international forex funds. 

Watson, who has held senior positions at Nike and US financial institution Wells Fargo, is already planning to increase internationally and is in superior talks with regulators in the EU and US. He mentioned: ‘I’m a severe participant in the monetary companies trade. I’ve gone via a four-year course of with the regulators, they’ve independently assessed me, and so they thought I used to be the calibre and have the expertise to steer a British financial institution.’

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Watson mentioned he invested in the financial institution utilizing cash from his time at Uphold, a Bitcoin buying and selling enterprise. Sources mentioned it was possible that the financial institution would quickly make acquisitions to bolster the enterprise. The firm plans to rent greater than 3,000 folks throughout the UK, EU and US over the subsequent 5 years – with the bulk of jobs initially in the UK. 

Watson mentioned he was additionally intent on selling variety. An extended-time donor to Labour, he was made lead LGBT adviser to the social gathering and MP Dawn Butler in 2018. 

On board: Bank of London has appointed Lord Mandelson as its deputy chairman

On board: Bank of London has appointed Lord Mandelson as its deputy chairman

‘I’m homosexual, I got here out once I was 21. Unfortunately I used to be homeless for 9 months. So every part I’ve made, I’ve made myself,’ he mentioned. 

‘I did not develop up with a profitable household or a silver spoon in my mouth, so each penny I’ve made is my very own.’ It is understood that McDonagh and Mandelson are being paid charges for his or her roles and shouldn’t have a stake in the financial institution, which it says is valued at $1.1billion (£800million). Watson is thought to personal just below 50 per cent of the financial institution, making him a multi-millionaire on paper.

Watson mentioned that Mandelson and McDonagh, who had been chosen by an impartial headhunter, carry a wealth of monetary and political expertise to the board. 

‘Baroness McDonagh was one in all the first ladies on the board of Standard Life. Lord Mandelson is the former European Trade Commissioner, the former Secretary of State for Business, Innovation and Skills, and presently a senior adviser to Lazard. 

‘They carry enormously related expertise to our board.’ 

He added: ‘I’m not going to apologise about being from the Left – I’m not going to apologise for supporting Labour or supporting Keir Starmer. I’m pro-business, and I’m pro-Labour.’ 

One social media submit features a photograph of Watson giving a speech at an occasion alongside former Labour chief Jeremy Corbyn. But Watson says he has solely met Corbyn as soon as. 

‘If you take a look at most British financial institution boards, they’re typically Right [wing] and are available from a really particular class of individuals. We selected to be totally different, I’m the solely overtly homosexual chief government of a British financial institution, and for me it is extremely vital to have a various board.’ 

The firm has a bunch board and one other for the financial institution – with monetary heavyweights together with former regulator Victoria Raffe, ex-Goldman Sachs banker Harvey Schwartz and former Barclays government David Skillen. 

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