Feb 29 (Reuters) – Metro Bank (MTRO.L), opens new tab named Barclays executive Marc Page as its chief financial officer on Thursday, succeeding James Hopkinson who announced plans to step down last month.
Page, who previously held senior roles at Lloyds Banking Group (LLOY.L), opens new tab before moving to Barclays (BARC.L), opens new tab in 2017, was most recently the finance chief of Kensington Mortgages following its acquisition by Barclays last year.
In January, Metro Bank said Cristina Alba Ochoa would act as interim CFO as it looked for Hopkinson’s successor. At the time, a spokesperson for the bank said Hopkinson was leaving for personal reasons.
Page’s appointment will be effective Sept. 2 and comes months after Metro Bank announced a 925 million pound ($1.17 billion) refinancing and recapitalisation plan backed by Colombian billionaire Jaime Gilinski, following urgent negotiations to bolster its balance sheet after a string of setbacks in recent years.
Metro Bank had also planned to sell a 3 billion pound mortgage portfolio, but called it off, citing market conditions and announced cost-cutting plans in November, including laying off up to 20% of staff.
