Marc Page has been appointed the new chief financial officer (CFO) of Metro Bank.

Page most recently served as the managing director and CFO of Kensington Mortgages after it was bought by Barclays and has held roles at the bank since 2017.

Metro Bank said that its interim CFO Cristina Alba Ochoa will continue in this capacity until Marc’s appointment becomes effective on 2 September.

“Marc brings deep financial expertise and understanding of the banking sector, including a wealth of knowledge and experience across retail banking, distribution and product management,” said Metro Bank chief executive Daniel Frumkin. “Marc’s experience and leadership skills will help drive our strategy and growth ambitions to be the number one community bank putting our customers and communities centre-stage.”

Speaking about his new appointment, Page said that having strengthened the foundations for future sustainable growth, the bank is “well-placed to grow its assets significantly as it focuses on SMEs, corporate customers and local businesses with its special brand of relationship banking.”

Late last year Metro Bank investors agreed to back a £925 million rescue package for the bank, handing majority control of the company to Colombian billionaire Jaime Gilinski in the process.

The package, which includes a £325 million capital raise and £600 million debt refinancing, was approved by 90 per cent of shareholders in a vote.

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