Metro Bank has announced the appointment of Marc Page, a Barclays veteran, as its Chief Financial Officer. Page is set to join the U.K. bank and its board on September 2, pending regulatory approval, according to a press release issued by Metro Bank on Thursday, February 29. In the interim, Cristina Alba Ochoa will continue to serve as the bank’s interim CFO, a role she assumed in January following the departure of James Hopkinson from the CFO position.
Metro Bank CEO Daniel Frumkin expressed confidence in Page’s appointment, emphasizing his experience and leadership skills in driving the bank’s strategy and growth ambitions, particularly in prioritizing customers and communities.
Page himself expressed excitement about joining Metro Bank, noting the bank’s potential for significant asset growth, especially in serving small- to medium-sized businesses (SMBs), corporate customers, and local businesses with its unique approach to relationship banking.
Page brings extensive experience to Metro Bank, having most recently served as the Managing Director and CFO at Kensington Mortgages following Barclays’ acquisition of the company. Prior to this role, he held various positions at Barclays since 2017, including U.K. Controller, Head of Group Impairment, and Managing Director, Customer and Product Financials. Before joining Barclays, Page held positions at HBOS, which later became part of Lloyds Banking Group, where he began his banking career in 2003 and served in senior roles until 2017.
This appointment comes following Metro Bank’s securing of $1.1 billion from investors, aimed at strengthening its financial position after its shares experienced a significant decline due to reports of seeking additional funds to bolster its balance sheet. The Bank of England’s financial regulator welcomed Metro Bank’s steps to strengthen its capital position in an October 8 statement.
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