Metro Bank has hired RateSetter’s head of legal Stephanie Wallace as general counsel, replacing outgoing Sally-Ann James.
Wallace worked at former peer-to-peer lending platform RateSetter for around four years, first as regulatory counsel and then as head of legal. She will start at Metro Bank on 4 October to help the bank to scale up its new consumer finance division while supporting the wider business.
Prior to Ratesetter, Wallace spent nearly six years at law firm Hogan Lovells.
Metro Bank completed its acquisition of RateSetter in September last year.
“Metro Bank is delighted to confirm that Stephanie Wallace will become its new general counsel as of 4 October,” Metro Bank said.
“Stephanie was formerly head of legal at RateSetter, where she was instrumental in the development of the business during her four years there.”
Wallace will be replacing James who served as general counsel at the bank for nearly 10 years.
“I am so very grateful to have had the opportunity to work for such an amazing organisation and with such fantastic colleagues,” she said on LinkedIn.
“I will never forget being a part of the Metro Bank story and being the bank’s first lawyer. I have enjoyed every minute, but especially building a legal function from scratch and, most important of all, my fabulous team who have made every minute worthwhile.
“I will miss you all although I am very much looking forward to the next chapter of my career……but first I have two weeks holiday to look forward to and time to reflect on everything I have been able to achieve supported by my many wonderful colleagues and friends over my career so far….and having been a part of it, I will continue to follow the Metro Bank story avidly.”