ELEMENTARYb, a financial services firm addressing the complex financial needs of the Middle Market Enterprises (MMEs) in the UK, today announced the appointment of Lord David Blunkett as strategic advisor to help the firm’s continued growth and expansion. David Blunkett will be advising the senior management team on all aspects of regulatory requirements, including compliance, cyber-intelligence and the regulatory framework which comprise the foundation of the ELEMENTARYb network.
ELEMENTARYb has the ambition, leadership and roadmap to create the future model of banking for the UK’s under-served mid-market enterprises (MMEs), help firms achieve their strategic and day-to-day goals and positioning them for continued growth. The ELEMENTARYb platform will overlay financial management tools and integrate aligned, high performance modern technology to help MMEs build in resilience, compliance, and security fit for both today and tomorrow. At the same time, ELEMENTARYb will guide MMEs through regulatory challenges and protect and enhance their ability to meet their climate, environmental and sustainability objectives.
Commenting on the announcement, Lord David Blunkett said: “MMEs are the under-appreciated backbone of the UK’s growth economy, yet are underserved by the UK financial services industry. In an environment of low-growth and continued uncertainty due to Brexit, pandemics and other challenges, MMEs need new allies. I look forward to working with the ELEMENTARYb leadership team to support the commercial needs of MMEs, to help them become more robust and resilient.”
A former Government Minister, David Blunkett served as Secretary of State for Education and Employment; Home Secretary and Secretary for Work and Pensions for nearly a decade under Tony Blair’s Government. He is currently a member of the House of Lords and a Professor of Politics in Practice at the University of Sheffield. He also chairs the Board of the University of Law and is a trustee and patron of a number of charities.
Karen Rudich, CEO of ELEMENTARYb, said: “We have set out to address some of the major challenges facing MMEs and are working to deliver a smarter banking model for this segment of the market. Today, MMEs do not have access to the right tools and technology, services, products, let alone the best prices and the best opportunities out there. We help leaders of these enterprises get back in control, make better decisions and position themselves for sustained growth.”
She added: “I am very excited to welcome Lord Blunkett to ELEMENTARYb as Strategic Advisor. As a former Government Minister he will support the creation of the regulatory framework that will underpin our offering. His commercial mind and our shared passion to support growth of the British MME sector will be invaluable in bringing our vision to life.”