Exiting Metro Bank CFO leaves RateSetter board
David Arden, chief financial officer at Metro Bank, has stepped down from the RateSetter board, leaving just six board members to oversee the former peer-to-peer lender’s operations.
According to Companies House documents, Arden’s position as a director on the board was terminated on 15 February.
He will also step down from the Metro Bank board on 1 April, and will no longer be employed by the bank after this date.
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Marc Jenkins, Metro Bank’s deputy chief financial officer, assumed responsibility for Arden’s role on 15 February and he will remain in the position while the bank recruits for Arden’s replacement.
Peer2Peer Finance News understands that Jenkins will not be taking over Arden’s seat on the RateSetter board.
“On behalf of the board I would like to thank David for the important work that he has done to strengthen Metro Bank’s financial controls over the past two years,” said Daniel Frumkin, chief executive of Metro Bank.
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“He has played an instrumental role in helping to deliver the bank’s strategic priorities and turnaround plan and leaves with our best wishes for the future.”
Following Arden’s departure, just six people will remain on the RateSetter board: Frumkin, RateSetter co-founders Rhydian Lewis and Peter Behrens, RateSetter’s chief financial officer Harry Russell, non-executive chairman Martyn Scrivens, and non-executive director Anne Grim.
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