(20 July 2022 – United Kingdom) Metro Bank announced former Standard Chartered executive James Hopkinson as its new incoming Chief Financial Officer (CFO) as the challenger bank seeks to progress its profitability turnaround plan.
Mr Hopkinson fulfilled multiple roles at Standard Chartered over two decades including CFO Global Retail Banking, CFO Regions and Clients and Global Head of Investor Relations. He joins the group effective 5 September from ClearBank where he was CFO since 2019.
The Bank of England (BoE) recently fined Metro Bank for its well publicised 2019 accounting scandal after the Bank reported the group presented an inaccurate picture of its regulatory capital in regulatory returns between May 2016 and Jan 2019. Since the accounting scandal, the lender has launched a turnaround plan focussing on cost controls and revenue and margin growth.
“James brings a wealth of experience in retail banking with a proven track record of growing businesses and managing finance teams” commented Metro Bank CEO Daniel Frumkin.
“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” stated Mr Hopkinson.