REG - Metro Bank PLC - Appointment of Chief Financial Officer

Metro Bank HoldingsAnnouncement

15/07/2022 07:00

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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 £500,000 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
(https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.fscs.org.uk%2F&data=04%7C01%7CJulie.Urquhart%40metrobank.plc.uk%7Ccbdd7e449a474603654608d9d4e714e1%7C5951f0387ac944db87267818d4143d8d%7C0%7C0%7C637774911212175410%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=4fL99pzh5sJjvt3uzKA3uAYmd7DFlqrv40Qs1aSg0ps%3D&reserved=0)
. 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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