News
Unity Trust Bank promotes Penny Hogan to CFO
Unity Trust Bank has appointed Penny Hogan as its new chief financial officer.
Ms. Hogan first joined Unity in 2021 as Financial Controller, and her promotion to Chief Financial Officer reflects her strong contribution to the business over the past three years.
With 14 years’ experience in financial services, Ms Hogan previously held senior roles 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 commercial business knowledge combined with her proven financial acumen, she brings a wealth of experience to the role, as well as a strong personal commitment to help advance Unity’s mission of delivering social good.
In her new role as CFO, Ms. Hogan will be responsible for delivering 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 .
Ms Hogan said: “I am delighted to be taking on my new role as Finance Director. Unity’s ambition to help create a better society is at the heart of its proposition and this is strongly aligned with my own personal values.
“It’s incredibly rewarding to work for an organization that prioritizes positive impact alongside profit, and with Unity’s strong purpose and ambitious growth aspirations, it’s an exciting time for the business.
“I often think of this role as “Futures” Director, as by delivering strong commercial returns, we can continue to support organizations that demonstrate a positive contribution to social, economic and environmental change.
“And in doing so, we can further strengthen our impact, expand our reach and help unlock future pathways and opportunities for communities most in need.”
During her time at Unity, Ms Hogan also led the bank’s commitment to the Fair Tax Mark accreditation scheme. A long-time advocate of fair and transparent tax practices, Unity was proud to be the first UK bank to receive the Fair Tax Mark in 2014 and has maintained the accreditation for 10 consecutive years.
Colin Fyfe, CEO of Unity Trust Bank, said: “With her financial expertise and deep market knowledge, Penny is a true asset to the business. We are committed to investing in our people and supporting career development, and I am delighted to see Penny progress into her new role.
“At Unity, we have a 40-year tradition of delivering social good and I know Penny fully supports the integrity of our values and our customer-focused proposition. I have no doubt that his sharp focus and strong leadership will further strengthen business growth and, in turn, 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 borrowing in year-end results in 2023 – surpassing £1 billion for the first time and growing 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 is a gold standard for investors in people, it’s a real and reliable living wage for disabled Employer and signatory of the Women in Finance Charter.