Metro Bank Chief Risk Officer exits following latest shakeup at the top

By Aisling Finn on 12th February 2020

Challenger Banks

Aileen Gillan, who has been the bank’s chief risk officer since 2013, will step down at the end of the month.

Metro Bank Chief Risk Officer exits following latest shakeup at the top
Image source: Metro Bank

Following another overhaul of the Metro Bank’s top executives, Aileen Gillan, who was one of the first executives to join the bank in 2013, will step down.

Gillan’s exit comes after Craig Donaldson, the former chief executive of Metro Bank, and Vernon Hill, the founder and chairman, also jumped ship.

A qualified barrister, Gillan has previously worked as chief risk officer of asset finance for Lloyds Bank.

The news comes not too long after Metro Bank was ejected from the FTSE 250 after its value nosedived because of an accounting error that saw them misclassify low-risk loans it was holding. 

The Times reported a spokesperson for Metro Bank said Gillan was leaving “to pursue new opportunities”. 

As stated on the Metro Bank website, Gillan’s is responsible for “management and oversight of the risk and control framework across the bank” and also “ensuring that Metro Bank fulfils its regulatory obligations”.

Metro Bank is currently in the midst of an investigation by both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) following its £900m accounting error.

The struggling bank announced in September that the FCA was widening its search to include “certain members of management” and to encompass the period from June 2017 to February 2019.

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