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OUR STORY

Banking built for growth—on both sides of the Atlantic

Delivering success, at pace

Since our launch in the UK in 2015, OakNorth has supported thousands of growing businesses with over $17 billion in loans. Founded by entrepreneurs who experienced the frustrations of scaling a business without the right banking support, OakNorth was built to be different — combining deep credit expertise with modern technology and a personalized approach.

Now we’re bringing that same ambition and mindset to the US, with a growing team, a representative office in New York (opened in August 2024), and our recent acquisition of Michigan-based Community Unity Bank (CUB) (pending regulatory approval).

July 2023

Started lending operations in the US from the UK bank

August 2024

Secured regulatory approval from the Federal Reserve and the NYDFS for a Representative Office in New York

March 2025

Acquisition of Community Unity Bank (CUB) in Michigan announced (pending regulatory approval)

May 2025

Surpassed $1B milestone in lending to US businesses

Underpinned by our knowledge of the US commercial lending market from our sister entity, ONCI

We’re here to shake up banking

OakNorth was built on the foundations of frustrations. In 2005, when our founders tried to get business finance for their data analytics company, the computer said ‘no’. Unfortunately, all major banks in the UK were using the same computer – and it was broken.

Why was it so difficult for a profitable business with healthy cash flow, retained clients and commercial success to get a loan? The industry was too focused on financials from the past, rather than potential in the future.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? And what if that bank allowed savers to invest their money into businesses that create jobs in their communities?

Say hello to OakNorth.

Why we're different

Entrepreneurial spirit

Built by founders, for founders. We think commercially and act with purpose.

Solutions that support growth

We tailor our products and approach around your plans — not the other way around.

Tech-enabled, people-powered

Modern tools meet human insight, to deliver speed, clarity and consistency.

What we’ve achieved so far

Supported the creation of over 61,000 new jobs

Helped build over
36,000 new homes

Lent over $17B to businesses

Our founders

After launching and scaling a successful business, our founders, Rishi Khosla and Joel Perlman, saw the need for a new kind of bank — one that understood the journey of growing a business and offered solutions to match.
They founded OakNorth to help entrepreneurs and business leaders reach their potential faster. Today, that mission continues across the UK and US, as we support scaling companies with the finance and partnership they need to thrive.

Our team

Ben Barbanel

Chief Lending Officer

Ben Barbanel is Head of Debt Finance at OakNorth, where he leads the team responsible for originating, structuring, and executing bespoke lending solutions for entrepreneurial businesses and property developers. With deep expertise in real estate and corporate lending, Ben has been instrumental in scaling OakNorth’s lending book and fostering key client relationships. Under his leadership, the Debt Finance team has supported over $17 billion in loans. OakNorth has also expanded its reach into the U.S. market, providing direct and note-on-note lending for adaptive reuse and multifamily housing projects across multiple states, furthering its impact on both sides of the Atlantic.

Max Saidman

Director, Debt Finance (CRE)

Max is a Director of Debt Finance at OakNorth, specializing in commercial real estate (CRE). He joined OakNorth in London in 2018 after previously working at Lloyds Bank. Max has since played a pivotal role in the growth and expansion of OakNorth’s CRE lending capabilities. Now based in New York, he leads transactions across diverse real estate sectors, bringing deep expertise in structuring tailored finance solutions for mid-market developers and investors.

Dylan Jagjivan

Director, Debt Finance (CRE)

Dylan is a Director of Debt Finance at OakNorth, with a primary focus on commercial real estate. Dylan has been instrumental in supporting OakNorth’s expansion into the US market, having initially joined the team in London back in 2017. Now based in New York, he specializes in structuring and managing tailored finance solutions for mid-market real estate developers.

Tommy Tran

Director, Debt Finance (CRE)

Tommy is a Director of Debt Finance at OakNorth, focusing on commercial real estate. With extensive experience in structured finance and real estate lending, Tommy specializes in providing flexible and strategic financing solutions. His background includes senior roles at Patriot Bank and First Horizon (formerly known as IBERIABANK), where he managed significant commercial real estate portfolios, demonstrating deep expertise in deal execution and portfolio management.

Connor Bieling

Director, Debt Finance (C&I)

Connor serves as Director of Debt Finance at OakNorth, specializing in commercial and industrial (C&I) lending solutions. With significant experience originating and executing debt capital structures, Connor previously held senior positions at Modern Bank, where he led numerous successful debt transactions for mid-market businesses. His expertise includes providing customized cash flow lending solutions aligned with strategic client goals to support leveraged buyouts (LBOs), acquisition finance initiatives and working capital.

Mohith Sondhi

Managing Director, Debt Finance

Mohith is a Senior Director of Debt Finance at OakNorth, which he joined in 2016 after c.15 years at RBS. An expert in Structured and Corporate Finance, he has deep experience across customer relationships, portfolio management, risk, and strategy. Mo leads on originating, structuring, and executing complex transactions that support growing businesses and ambitious funds with tailored funding solutions. Since 2018, he has spearheaded OakNorth’s work in fund finance, demonstrating a strong track record in delivering success across varied and challenging business situations against a backdrop of a constantly changing macro environment.

Lowell Bacchus

Director, Credit

Lowell is a Director of Credit at OakNorth, bringing over 20 years of extensive industry experience in real estate credit underwriting and risk management. His previous senior leadership roles include positions at J.P. Morgan Chase, Centennial Bank, and JLJ Capital, overseeing complex underwriting processes and strategic credit decisions. Lowell’s deep sector knowledge significantly strengthens OakNorth’s credit risk capabilities.

Roberta Tourish

Director, Credit

Roberta is a Director of Credit at OakNorth, specializing in real estate finance and credit risk. With a robust background spanning credit risk roles at OakNorth in the UK, a UK alternative lender, and Ireland’s National Asset Management Agency, Roberta brings proven expertise in asset recovery, financial analysis, and risk assessment, ensuring robust credit decision-making and portfolio management.

James Nelson

Senior Director, Credit

James joined OakNorth in 2020 and brings decades of experience across major financial institutions including PwC, RBS, Barclays and Santander. A Chartered Accountant by training, he specialises in structuring bespoke corporate debt solutions for growing businesses. With deep expertise in credit analysis and underwriting, James plays a key role in supporting complex C&I transactions across a range of sectors. 

Tom Mitchell

Director, Credit

Tom leads credit execution for C&I transactions across the UK and US. His career spans roles in business lending across sectors and business sizes, from early-stage SMEs to mid-market firms. Tom is a Chartered Financial Analyst, bringing a strong foundation in investment analysis and credit risk to his role. He plays a key part in upholding robust credit standards while supporting OakNorth’s mission to lend with speed, certainty and insight.

Parantap Sharma

Deputy Vice President, Debt Finance

Based in our India office, Parantap joined OakNorth in 2019 and supports the end-to-end execution of real estate and trading sector deals. He brings strong analytical capability and a sharp eye for risk, having built a solid foundation in corporate lending and portfolio management. His work ensures we deliver efficient and well-structured funding solutions for ambitious businesses. 

Get in touch

Our team is ready to structure a solution that fits your business goals.