Wallace brings more than three decades of experience in banking and technology, having previously held senior positions with Virgin Money, Cognizant and the Co-operative Bank.
Her extensive non-executive portfolio has included roles with International Personal Finance plc, Tandem Bank, Columbia Threadneedle, Target Tech Mahindra, Hodge Bank and as Chair of fintech advisory for a property ownership fintech.
She said: “Weatherbys is well known as a family-owned bank with a strong client ethos, but it also fully appreciates the role that technology can play in enhancing the client experience.
“This combination resonated very strongly with me, and I’m now looking forward to supporting the board and the executive team with a balanced approach to innovation and stewardship.”
Weatherbys plans to double in size over the next five years and sees its ‘100% human, 100% digital’ agenda – blending outstanding service with intuitive tech – as central to its long-term strategy.
CEO Quentin Marshall said: “It’s vital for a business like ours to invest in people and technology alike. We have to understand that the future lies in combining the best of both worlds.
“Our business model will always be rooted in relationships and the personal touch, but we’re also fully committed to ensuring that our clients’ digital experience is absolutely of the highest standard.
“That’s why in the past two years alone we’ve taken important steps such as completely upgrading our core banking platform and improving our measures for detecting financial fraud.
“We know we can’t afford to stand still. Aileen will help us make the right decisions as we go forward.”
Wallace, who studied digital strategy at leading business school INSEAD, has applied her expertise both in the UK and across markets including Europe, Latin America and Asia-Pacific.