(Alliance News) - Metro Bank Finance Director David MacLean will be leaving the troubled challenger bank to join online banking firm Revolut as chief financial officer.
MacLean reports to Metro Bank Chief Financial Officer David Arden.
A Metro Bank spokesperson said: "We can confirm that David MacLean is leaving Metro Bank to take up a new role. We wish him every success."
Metro Bank said MacLean will remain with the lender until October and it has begun a search for his replacement.
This comes after Metro Bank Founder & Chair Vernon Hill announced last Wednesday he will be stepping down has chair of the challenger bank. The bank has started the search to find a new chair to replace US billionaire Hill, who founded Metro Bank in 2010.
Metro Bank did not set a timetable for Hill resigning as chair and said he would remain a non-executive director and president of the bank.
The lender has been under pressure to reform its governance since it suffered a highly-publicised accounting blunder at the start of the year.
Shares in Metro Bank were down 1.3% in midday trading in London on Tuesday at 391.57 pence each. Since the start of 2019, the lender's shares are down 77%.
MacLean's appointment at Revolut is subject to regulatory approval.
Revolut Founder & Chief Executive Nik Storonsky said: "Dave brings a wealth of banking and financial services experience to the table and, as we prepare to launch Revolut in new international markets, will play a crucial role in our mission to help improve the financial wellbeing of millions of people worldwide. We're excited for Dave to join us later this year."
Revolut has recently hired Standard Life Aberdeen PLC Vice Chair Martin Gilbert as chair.
Gilbert established Aberdeen Asset Management with two colleagues in 1983. He helped orchestrate the GBP11 billion merger between Standard Life Investments and Aberdeen Asset Management two years ago.
He was previously co-chief executive of the newly formed Standard Life Aberdeen but the investment firm ended the structure in March.
MacLean and Gilbert will be joining former HSBC Holdings PLC banker Richard Davies at Revolut, who became the digital bank's chief operating officer this month.
According to the Financial Times, Revolut is also in line to snap up former Goldman Sachs Europe executive Michael Sherwood.
