Fintech
Unity Trust Bank Names New CFO Penny Hogan
Unity Trust Bank appoints new CFO Penny Hogan to the team.
Penny first joined Unity in 2021 as a financial controller and her promotion to Chief Financial Officer (CFO) reflects her strong contributions to the company over the past three years.
With 14 years of experience in financial services, Penny has previously held senior positions at the Co-operative Bank, including Head of Retail Pricing and Head of Financial Reporting, and at Deloitte, working in Manchester, London, New York and Dubai.
With extensive knowledge of business affairs combined with her proven financial acumen, Penny brings a wealth of experience to the role, as well as a strong personal commitment to help further Unity’s mission of delivering social good.
In her new role as CFO, Penny will be responsible for making investments in areas of business change to continue to improve the customer experience, from Unity’s online banking platform to the introduction of new digital tools and products.
Commenting on her new role, Penny Hogan said: “I am delighted to take on my new role as Chief Financial Officer. Unity’s ambition to help create a better society is at the heart of its proposition and this is strongly aligned with my personal values. It’s incredibly rewarding to work for an organization that prioritizes positive impact over profit, and with Unity’s strong purpose and ambitious growth aspirations, it’s an exciting time for the company.
“I often think about this role as Chief “Futures” Officer, because through the delivery of strong commercial returns, we can continue to support organizations that demonstrate a positive contribution to social, economic and environmental change. And by doing so, we can further strengthen our impact, broaden our reach, and help unlock future pathways and opportunities for communities most in need.”
During her time at Unity, Penny also led the bank’s commitment to the Fair Tax Mark accreditation program. A long-standing supporter of fair and transparent tax practices, Unity was proud to be the first UK bank to be awarded the Fair Tax Mark in 2014 and has continued to maintain the accreditation for 10 consecutive years.
Colin Fyfe, CEO of Unity Trust Bank, said: “With her financial expertise and in-depth market knowledge, Penny is a real asset to the company. We are committed to investing in our people and supporting career development and I am delighted to see Penny progressing into her new role.
“At Unity, we have a 40-year tradition of delivering social goods and I know that Penny fully supports the integrity of our values and our customer-focused proposition. I have no doubt that her strong focus and strong leadership will further enhance the growth of the business and, as a result, the positive social impact we are able to deliver to communities across the UK.”
Unity was founded by the trade union movement in 1984 to serve the common good. It reported a record level of lending in its year-end results in 2023 – exceeding £1 billion for the first time and growing by 21% on the previous year – with 45.3% of funding going to areas of high deprivation.
Celebrating its 40th anniversary this year, Unity recently received the King’s Award for Enterprise in Sustainable Development 2024 and was named in the Sunday Times Best Places to Work 2024. Unity has a Gold standard for investors in people, it’s a salary of real subsistence and security on disability. Employer and signatory of the Charter of Women in Finance.