This Week in Fintech: TFT Bi-Weekly News Roundup 16/06

This Week in Fintech: TFT Bi-Weekly News Roundup 16/06

Investcorp , an alternative investment firm, names Mashaal AlJomaih as managing director of private wealth for the KSA market. Prior to joining Investcorp, AlJomaih held senior positions at BNP Paribas Investment Company as well as JP Morgan Chase. Investcorp also recently launched a dedicated $500million pre-IPO vehicle to primarily partner with Saudi family businesses aspiring to go public. Funding Circle appoints new MD to lead FlexiPay expansion – Jerome Fernandez. The UK small business loan platform enables businesses to spread any UK invoice or supplier payment over three months. Most recently, Fernandez built and led product teams at Remitly and Revolut. Sahil Thapa has been appointed chief technology officer at Recognise Bank, the digital small business bank.Thapa was most recently responsible for strategy execution, business architecture and data at at Deutsche Bank. He will also head up Recognise Bank’s newly created innovation team following its latest fundraise of £8.7million. Mortgage and wealth technology provider Twenty7Tec has appointed Mike Clifford to join its board as chief operating officer, following its acquisition of Bluecoat Software. He previously spent 10 years at Intelliflo. Twenty7Tec said Clifford will play a big role in our move into the wealth sector. WithYouWithMe (WYWM), an Australian tech