Based at RCI Bank’s head office in Watford, Gustav will look after all savings products, while ensuring the bank maintains its high standards of customer service. He will be working closely with the senior management team and will report into Chief Financial Officer, Peter McEvoy.

Gustav has an outstanding track record of building and leading businesses in the financial services sector, including four years setting up and launching RCI Banque’s branch in Austria from 2013. Before this he spent three years at UniCredit supporting the Global Head of Equity Sales across the EMEA, UK and Nordic markets.

Jean-Louis Labauge, CEO of RCI Bank, said: “We are thrilled Gustav is joining the RCI Bank team in the UK. His experience across the Group, together with his knowledge of the savings and financial markets will help us continue to offer consumers simple, easy to use and market leading savings accounts.”

Gustav Wagner, Head of Savings commented: “Since RCI Bank’s launch in 2015, it has offered customers great service and competitive rates. The UK savings market needs providers like RCI Bank, which offer a combination of best buy savings rates, simple products and outstanding customer service. RCI Bank ticks all these boxes. I very much look forward to working with my new colleagues and to build on RCI Bank’s successes for many years to come.”

RCI Bank account range

• Freedom easy access: 1.10% AER gross variable
• 1 year Fixed Term: 1.31 % AER gross
• 2 year Fixed Term: 1.55 % AER gross
• 3 year Fixed Term: 1.70 % AER gross

For further information visit the RCI Bank website at rcibank.co.uk