Dan Frumkin joined Metro Bank in September and started the interim CEO role on January 1.
Dan Frumkin, who was Metro Bank’s chief transformation officer before interim CEO, has now been given the permanent role.
Frumkin, who joined Metro Bank in September this year, was appointed interim CEO from 1 January 2020.
The new CEO will reportedly earn a £740,000 salary in his new position.
His appointment comes amid a shake-up at the top. Late last year Vernon Hill, founder and chairman, resigned with immediate effect and chief risk officer, Aileen Gillan stepped down last week.
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.