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Anthony Watson (businessman)

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Anthony G. Watson CBE is a British business and technology executive, and human and LGBT rights activist.[1][2][3] In November 2021, Watson founded The Bank of London, a clearing, correspondent and wholesale bank, serving as Chief Executive Officer.[4] Since 2013 he has sat on the board of GLAAD.[2] In April 2015, he joined the Bitcoin trading start-up Uphold.com as its president and chief executive officer.[5]

Anthony Watson

CBE
Watson in 2014
Born
Anthony Watson

London
NationalityBritish
Occupation(s)Founder and Chief Executive Officer
EmployerThe Bank of London

He was listed 19th in Fortune's 2014 "40 under 40" list,[2] fourth in Financial Times' 2014 list of influential LGBT executives,[6] and 10th in The Guardian's 2014 "World Pride Power List", where he was described as "one of the most influential gay men in the world."[7]

Career edit

A Christian who studied theology, Watson initially considered becoming a minister, but discovered he enjoyed working with technology while working part-time for AOL Ireland during his degree. As a result, he started working for First-e Bancorp (Europe's first internet bank), going on to take senior roles at Microsoft, CitiGroup and Unisys.[1][8] Between 2006 and 2009, he was the senior vice president and global head of technology services at Wells Fargo, where he ran technology for the bank across 44 Counties.[3][9]

Watson worked as chief information officer for Barclays' retail arm from 2009, overseeing the launch of several mobile apps including the bank's Pingit service for sending and receiving money, about which he said "The feedback we have had around Pingit in the media and on Twitter was amazing, we were in the top spot for a while with that launch, only porn stars get that sort of traffic."[9][10] In interviews, he reported being responsible for a £3 billion annual IT budget.[11]

In February 2014, Watson left Barclays to move from the UK to the USA, where in April 2014 he begin working as chief information officer for Nike.[3][9] In that role he signed a significant deal with Juniper Networks, and completed a five-year road map for IT strategy at the company.[10]

After 10 months at Nike, Watson left the company in December 2014.[12] This was announced as being for "personal reasons." Business Insider and Fortune both quoted unnamed sources who explained he was dissatisfied with life in Portland, Oregon, where he lived in order to work at Nike's Beaverton headquarters.[10][13][14] However Watson has stated neither Portland nor Beaverton contributed to his decision to leave.[15][16]

Shortly after leaving Nike, Watson joined Uphold in April 2015 as its president and chief operating officer.[5] The then six-month-old company allows customers to trade in Bitcoin and hold more stable investments (currency or commodities) that are denominated in Bitcoin. Watson has stated he believes the company will help make the financial system fairer, saying "I wanted to do something that is valuable for people broadly, not just in one industry. And what Uphold is looking to achieve really democratizes finance. It's going to help people all over the world. The financial system is inherently unfair—it's always the richest who have access, and the poorest don’t have access, or when they do, they have to pay astronomical rates."[13]

Watson has also been a director of Digital Globe Services since 2013.[3]

In November 2021, Watson founded The Bank of London, a clearing, correspondent and wholesale bank operating in the UK, USA and Europe.[17] Watson had been working on developing the bank over 4 years. The bank launched on 30th November 2021 and in doing so became the UK's 6th clearing bank.[18] Watson stated that "existing providers have failed to adequately serve business customers and says it [The Bank of London] plans to offer features including cheaper, faster and safer transactions".[19]

Activism edit

At Barclays, Watson was the co-chair of the bank's "global diversity & inclusion panel".[3] In 2013 he became the first non-US citizen to join the board of directors for the LGBT charity GLAAD, and he is an ambassador for the LGBT charity Stonewall.[1][20][21] He is a chair of the European Diversity Awards, as well as acting chair of the judges, and is a patron of the UK charity Diversity Role Models.[22][23] He has spoken in schools about LGBT issues and careers.[8]

Watson came out to his family at age 21, but did not come out at work until about six years later. The Guardian quoted him saying, "I remember being shocked by a colleague using the term 'filthy queer' in a meeting, so much so that I had to pull him aside and say, 'I'm gay, and you don't get to use that language here. If you want to use it at home, that's your call, but in this context, you don't get to use that language.' That's actually why I came out at the time. It's important that people take a stand on these issues."[8]

Fortune has described Watson as "an outspoken gay rights activist,"[13] while The Guardian has described him as "one of the most influential gay men in the world."[7]

Honours, awards and recognition edit

Watson was appointed Commander of the Order of the British Empire (CBE) in the 2023 Birthday Honours for services to the LGBT community, equality and diversity.[24]

  • The Telegraph 2015 "Out at Work" list of top 50 LGBT executives: ranked 4th.[25]
  • Fortune 2014 "40 under 40" list of the most influential young people in business: ranked 19th.[2]
  • Financial Times 2014 list of influential LGBT executives: ranked 4th.[6]
  • The Guardian 2014 "World Pride Power List" of the most influential LGBT people: ranked 10th.[7]
  • The Independent on Sunday 2014 "Rainbow List" of influential LGBT people: ranked 44th.[22]
  • CIO UK 2014 "CIO 100" list of transformative chief information officers: ranked 14th.[26]
  • Adcolor 2014 "Advocate" award for increasing awareness of LGBT causes within and without the communications industry.[22][27]
  • Financial Times 2013 "OUTstanding in Business List" of influential LGBT people: ranked 9th.[28]
  • The Guardian 2013 "World Pride Power List" of the most influential LGBT people: ranked 26th.[29]
  • The Independent on Sunday 2013 "Pink List" of influential LGBT people: ranked 66th.[30]
  • CIO UK 2013 "CIO 100" list of transformative chief information officers: ranked 6th.[31]
  • Out in the City 2013 readers' awards: Inspirational Role Model of the Year.[32][33]
  • The Guardian 2012 "World Pride Power List" of the most influential LGBT people: ranked 56th.[34]
  • The Independent on Sunday 2012 "Pink List" of influential LGBT people: ranked 60th.[35]
  • Abercrombie & Fitch 2012 "Diversity Champion of the Year" in the European Diversity Awards: shortlisted.[36]

References edit

  1. ^ a b c Brettman, Alan (10 December 2014). "Nike chief information officer Anthony Watson resigns". OregonLive.com. Advance Digital. Retrieved 15 April 2015.
  2. ^ a b c d "40 under 40". Fortune. Time. 2014. Retrieved 15 April 2015.
  3. ^ a b c d e "Anthony George Watson". Bloomberg Business. Retrieved 15 April 2015.
  4. ^ Venkataramakrishnan, Siddharth (30 November 2021). "UK clearing bank set to launch with $1bn valuation". Financial Times. Retrieved 3 February 2022.
  5. ^ a b Cuthbertson, Anthony (13 April 2015). "Cryptocurrency round-up: Ex Nike executive Anthony Watson joins Bitreserve and bitcoin in Africa". International Business Times. Retrieved 20 April 2015.
  6. ^ a b Law, Denise (9 October 2014). "The 100 out and proud heroes of the business world who have risen above barriers to success". Financial Times. Retrieved 15 April 2015.
  7. ^ a b c Paschali, Pas (28 June 2014). "World Pride Power List 2014: Top 10". The Guardian. Retrieved 15 April 2015.
  8. ^ a b c Hudson, David (30 August 2012). "Coming out at work: 'I'm gay, and you don't get to use that language here'". The Guardian. Retrieved 16 April 2015.
  9. ^ a b c Chillingworth, Mark (18 February 2014). "Barclays loses CIO Anthony Watson to Nike global role". CIO UK. IDG. Retrieved 15 April 2015.
  10. ^ a b c Roberts, Daniel (11 December 2014). "Nike just lost its CIO because of Portland". Fortune. Time. Retrieved 15 April 2015.
  11. ^ "Anthony Watson, CIO". CIO UK. IDG. 2014. Retrieved 15 April 2015.
  12. ^ Norton, Steven (10 December 2014). "Nike CIO Anthony Watson Leaves Company, Citing Personal Reasons". The Wall Street Journal. Retrieved 16 April 2015.
  13. ^ a b c Roberts, Daniel (6 April 2015). "The former CIO of Nike is joining a bitcoin startup". Fortune. Time. Retrieved 15 April 2015.
  14. ^ Bort, Julie (11 December 2014). "Mystery Solved: The 'Boring' Real Reason Why The CIO Of Nike Left His Fabulous Job". Business Insider. Retrieved 15 April 2015.
  15. ^ Brettman, Alan (19 December 2014). "The departed: Nike's IT chief and top Nike contractor worked at Barclays, but both now gone". OregonLive.com. Advance Digital. Retrieved 16 April 2015.
  16. ^ Watson, Anthony [@AnthonyWatson] (12 December 2014). "Despite what you might read, I've never said I hate or dislike #Portland or #Beaverton. Both are wonderful cities with amazing people" (Tweet). Retrieved 21 April 2015 – via Twitter.
  17. ^ Hosking, Patrick. "'Unicorn' Bank of London a game changer". The Times. ISSN 0140-0460. Retrieved 3 February 2022.
  18. ^ O'Brien, Amy (30 November 2021). "New 'purpose-built' $1bn UK clearing bank launches in London". CityAM. Retrieved 3 February 2022.
  19. ^ "The Bank of London launches to tackle UK clearing market inefficiencies". Neopay. 22 December 2021. Retrieved 3 February 2022.
  20. ^ Bort, Julie (10 December 2014). "Exclusive: After Just 10 Months, Nike's CIO Is Gone". Business Insider. Retrieved 15 April 2015.
  21. ^ Roberts, Scott (1 November 2013). "Gay British banking chief appointed to board of GLAAD". Pink News. Retrieved 16 April 2015.
  22. ^ a b c "Rainbow List 2014, 1 to 101". The Independent on Sunday. 9 November 2014. Archived from the original on 7 May 2022. Retrieved 15 April 2015.
  23. ^ "European Diversity Awards announce new head judge". The Guardian. 5 December 2012. Retrieved 16 April 2015.
  24. ^ "No. 64082". The London Gazette (Supplement). 17 June 2023. p. B10.
  25. ^ Macleod, Eilidh (16 January 2015). "Out at Work: The top 50 list of LGBT executives". The Telegraph. Retrieved 16 April 2015.
  26. ^ "CIO 100". CIO UK. IDG. 2014. Retrieved 15 April 2015.
  27. ^ Warren, Tiffany R. (21 September 2014). "Adcolor Announces Winners At The 8th Annual Adcolor Awards In Los Angeles". Adcolor. Archived from the original on 6 February 2015. Retrieved 15 April 2015.
  28. ^ "Who's who: Top 50 OUTstanding in Business List". Financial Times. 22 October 2013. Retrieved 15 April 2015.
  29. ^ "World Pride Power List 2013: 100 most influential LGBT people of the year". The Guardian. 29 June 2013. Retrieved 15 April 2015.
  30. ^ "The Independent on Sunday's Pink List 2013". The Independent on Sunday. 13 October 2013. Archived from the original on 7 May 2022. Retrieved 15 April 2015.
  31. ^ "CIO 100". CIO UK. IDG. 2013. Retrieved 15 April 2015.
  32. ^ "Winners of the Out In The City and g3 Readers' Awards announced". The Guardian. 3 May 2013. Retrieved 16 April 2015.
  33. ^ "Out & g3 readers awards 2013 – winners". British LGBT Awards. Square Peg Media. Archived from the original on 16 April 2015. Retrieved 16 April 2015.
  34. ^ Jolin, Lucy; Delgado, Chance (7 July 2012). "World Pride Power List 2012: 100 most influential LGBT people of the year". The Guardian. Retrieved 16 April 2015.
  35. ^ "The IoS Pink List 2012". The Independent on Sunday. 4 November 2012. Archived from the original on 7 May 2022. Retrieved 15 April 2015.
  36. ^ "European Diversity Awards shortlist". The Guardian. 25 July 2012. Retrieved 16 April 2015.

External links edit

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