Mike Goodenough
Employment from Worldline Global – Global Head of e-commerce and Marketplaces
Work at LHV – Director of Banking Services
LHV Bank has taken a significant step forward by appointing Mike Goodenough as its new Director of Banking Services. The appointment comes after Goodenough spent six months as a business consultant with the bank, gaining valuable insight into LHV’s operations and strategic objectives.
Goodenough brings more than two decades of finance and payments experience to his new role. His extensive experience includes developing and executing strategic and commercial initiatives in leadership positions within sales, product and partnership teams within international organizations. This wealth of experience positions him well to drive LHV Bank’s growth in the UK and Europe.
In his new role, Goodenough will focus on accelerating the growth of LHV’s banking services business and enhancing the product offering. He will also work to strengthen relationships with customers and partners, leveraging his industry connections and expertise.
Goodenough’s appointment comes at a crucial time for LHV Bank. Since receiving credit institution approval from the Prudential Regulation Authority in May 2023, the bank has experienced significant growth. In its first year as a licensed bank, LHV reported an impressive after-tax profit of £6.4 million, establishing a solid foundation for ambitious development plans in 2024.
The Banking Services division, in particular, recorded remarkable progress. In 2023, it processed a record volume of 47.7 million payments, indicating a strong and growing customer base. Goodenough’s leadership is expected to build on this success and further expand LHV Bank’s presence in the competitive financial services landscape.