Metro Bank announces Board changes

Maria Nikolova

Gene Lockhart and Stuart Bernau will step down as Non-Executive Directors with effect from May 18, 2020.

About a month after Metro Bank PLC (LON:MTRO) announced that Roger Farah decided to step down as a Non-Executive Director, the bank unveils further Board changes.

Today, Metro Bank announces that Gene Lockhart and Stuart Bernau will step down as Non-Executive Directors with effect from May 18, 2020. Gene Lockhart and Stuart Bernau will not be standing for re-election at the next Annual General Meeting.

Metro Bank also announces the appointment of three independent Non-Executive Directors, Anne Grim, Ian Henderson, and Nicholas Winsor. The appointments are effective April 20, 2020.

Anne Grim has spent over 30 years in senior financial services leadership roles at Barclays, Wells Fargo, American Express, Mastercard and most recently as Chief Customer Officer at Fidelity International. She is currently a Non-Executive Board member for Insight Investment, an Advisor to the Investment Association’s FinTech Velocity Accelerator and a Trustee on the UK Board of Opportunity International.

Ian Henderson has had a 30 year career in retail & business banking and wealth management. He is currently Chief Executive Officer of Kyckr, an Australian listed RegTech business providing know your customer (KYC) solutions globally to banks, payments services providers and other regulated businesses. He has been actively involved in the UK challenger bank sector holding CEO roles at Arbuthnot Latham & Co Limited; Kensington Mortgages; and Shawbrook Bank. Prior to this he was Chief Operating Officer of the Private Banking Businesses in Barclays Wealth and before that he was with RBS for 21 years. His final role there was as Chief Executive Officer of RBS International. He also held the positions of Chief Operating Officer Retail Banking and Marketing Director RBS & NatWest.

Nicholas Winsor has 35 years of retail and commercial banking experience with HSBC Group in a number of international markets and the UK. He was Chief Executive Officer and Vice President of HSBC Bank (Taiwan) Limited, Chief Executive Officer of HSBC’s businesses in the Channel Islands and Isle of Man, and a Director of HSBC Bank Middle East Limited. Prior to this, he was Head of Personal Financial Services for the Asia Pacific region. Nicholas is a Non-Executive Director of Schroder Oriental Income Limited and a member of its Audit, Management Engagement and Nomination committees.

After these changes, the Board (excluding the Chairman) will comprise eight Non-Executive Directors, all of whom are independent, and two Executive Directors.

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