Metro Bank PLC Appointment of Chief Financial Officer (5525S)
July 15 2022 - 1:00AM
UK Regulatory
TIDMMTRO
RNS Number : 5525S
Metro Bank PLC
15 July 2022
RNS
15 July 2022
Legal Entity Identifier: 213800X5WU57YL9GPK89
Metro Bank plc
Metro Bank
Appointment of Chief Financial Officer
Metro Bank today announces that James Hopkinson has been
appointed as Chief Financial Officer and Executive Director,
effective from 5th September 2022, subject to regulatory
approval.
James joins from ClearBank where he has been CFO since 2019 and
Board member since 2020. He brings significant experience in global
and UK retail banking, growth organisations, UK regulation and
leading finance functions. Previously, he spent almost 20 years at
Standard Chartered, where he held a variety of roles including CFO
Regions & Clients, CFO Global Retail Banking and Global Head of
Investor Relations. James is a Chartered Accountant and began his
career at PricewaterhouseCoopers.
Commenting on the appointment, Daniel Frumkin, CEO said:
"James brings a wealth of experience in retail banking with a
proven track record of growing businesses and managing finance
teams. He shares our vision for Metro Bank to become the UK's best
community bank and he will be a valuable addition to the Board and
Executive Committee."
James Hopkinson said: "Metro Bank is the stand-out consumer
champion in retail banking. The progress made on the turnaround
plan to date has been impressive and I look forward to helping take
the Bank into its next phase of growth and towards sustainable
profitability."
ENDS
Enquiries
For further information on this announcement, please
contact:
Metro Bank PLC Investor Relations
Jo Roberts
+44 (0) 20 3402 8900
IR@metrobank.plc.uk
Metro Bank PLC Media Relations
Mona Patel
+44 (0) 7815506845
pressoffice@metrobank.plc.uk
Teneo
Charles Armitstead
+44 (0)7703 330269
Metrobank@teneo.com
Notes:
1. James Hopkinson's Biography
James started his career at PricewaterhouseCoopers where he
specialised in tax accounting and consultancy and qualified as a
Chartered Accountant with the ICAEW. He worked for Standard
Chartered Bank from 2001 to 2019 in a variety of roles ranging from
heading up corporate and institutional businesses, to Group Head of
Investor Relations and most recently performing the role as Chief
Financial Officer for the Group's countries, regions and business
segments, James was also the CFO for the Global Retail Banking
business and the co-leader of the global finance function. In 2019,
James joined ClearBank as CFO and Executive Director.
2. Remuneration Arrangements
James' remuneration arrangements have been set in accordance
with the Bank's Remuneration Policy approved by shareholders at the
2021 AGM on 18 May 2021.
The Board has approved a salary of GBP500,000 per annum. James
will also be eligible for variable remuneration, with a target
opportunity of 50% of salary under the annual bonus, and the
potential to be awarded 100% of salary under the Bank's Long Term
Incentive Plan. Shares awarded under the Long Term Incentive Plan
are subject to performance conditions. Metro Bank will make an
annual contribution to his pension of 8% of salary, in line with
arrangements for the majority of its colleagues.
James will be required to accumulate a shareholding equivalent
of 200% of salary over five years.
About Metro Bank
Metro Bank services 2.5 million customer accounts and is
celebrated for its exceptional customer experience. It is the
highest rated high street bank for overall service quality and best
bank for service in-store for personal and business customers, in
the Competition and Market Authority's Service Quality Survey in
February 2022. It was recognised as 'Bank of the Year' at the 2020
MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet
Personal Finance Awards 2021, received Gold Award in the Armed
Forces Covenant's Employer Recognition Scheme 2021 and won Best
Open Banking Partnership - Commercial at the inaugural Open Banking
Expo Awards 2021.
The community bank offers retail, business, commercial and
private banking services, and prides itself on giving customers the
choice to bank however, whenever and wherever they choose, and
supporting the customers and communities it serves. Whether that's
through its network of 76 stores open seven days a week, 362 days a
year; on the phone through its UK-based 24/7 contact centres; or
online through its internet banking or award-winning mobile app:
the bank offers customers real choice.
Metro Bank PLC. Registered in England and Wales. Company number:
6419578. Registered office: One Southampton Row, London, WC1B 5HA.
'Metrobank' is the registered trademark of Metro Bank PLC.
It is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Most relevant deposits are protected by the
Financial Services Compensation Scheme. For further information
about the Scheme refer to the FSCS website www.fscs.org.uk. All
Metro Bank products are subject to status and approval.
Metro Bank PLC is an independent UK bank - it is not affiliated
with any other bank or organisation (including the METRO newspaper
or its publishers) anywhere in the world. Please refer to Metro
Bank using the full name.
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END
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