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(Alliance News) - Metro Bank PLC on Wednesday named Robert Sharpe as chair, effective November 1 and subject to regulatory approval.
Sharpe will succeed Michael Snyder who was appointed interim chair at the London-based retail and commercial bank last October while the company found a permanent successor. Snyder stepped into the role after founder Vernon Hill stepped down.
Robert currently acts as chair at Bank of Ireland Group PLC in the UK, Hampshire Trust Bank PLC and Honeycomb Investment Trust PLC. He will be stepping down from his position at Bank of Ireland UK in due course.
Snyder said: "I look forward to working with Robert as Metro Bank continues to set itself apart from the competition by delivering exceptional service for our customers, even in these most challenging of times."
Sharpe said: "As we navigate the new economic environment caused by Covid-19, community banking has never been more important as people, businesses and communities adapt to this new normal.
"It is this community banking model that sets Metro Bank apart and will enable us to continue to grow."
Metro Bank shares were up 3.6% at 115.30 on Wednesday morning in London.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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