Former Boss of British Bankers’ Association Joins Barclays Techstars

Photo by Gideon Benari/Flickr

The ex-boss of the British Bankers’ Association, the industry body which became UK Finance in 2017, has reappeared at the tech accelerator of one of the biggest banks in Britain.

Anthony Browne is set to join Barclays TechStars as an entrepreneur in residence where he is tasked to help advise fintech startups.

Browne stated: “Financial technology is one of the most exciting and innovative sectors of the economy.

“It is an area where Britain is truly a world leader, helping create jobs and bringing in investment from around the world. TechStars itself is at the forefront of financial technology, and it will be a fascinating pleasure to help these companies shape the future.”

TechStars London is located in Shoreditch. It was established in 2015 with Barclays backing it for the past four years to hothouse fintech startups.

Alumni of the said programme include a blockchain startup that is focused on the diamond industry called Everledger, and Simudyne a startup that provides the Bank of England and other banks simulations for modelling scenarios of risk, as well as the insurtech startup called Cuvva.

Chris Adelsbach, the managing director of TechStars, stated: “The title [entrepreneur in residence] is a bit of a wide-ranging moniker.

“Ultimately, I wanted Anthony to join me at Techstars because I thought he’d be able to impart high quality, real-world advice to our founders about growing their business. About 80 percent of the fintech’s we invest in sell B2B and Anthony’s understanding of the banking landscape is second-to-none.”

Anthony Browne served as the voice of the British Banking industry at the BBA for five years until the summer of 2017 when it merged with some other trade bodies that include the Council of Mortgage Lenders. He is currently the chair of the independent body which scrutinises proposals of the government regarding regulation and deregulation called the Regulatory Policy Committee.

Before the BBA, Browne worked as a journalist and ran the Policy Exchange think tank. He was also a policy director to Boris Johnson, the then Mayor of London, and also headed government relations in Europe for Morgan Stanley.

Browne joins Techstars as the newest cohort of startups – the fifth of the accelerator – is set to be revealed next week.