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Metro Bank CFO James Hopkinson to leave after less than two years

Former OakNorth Bank CFO Cristina Alba Ochoa will act as interim CFO until a permanent replacement is found

Metro Bank building

Metro Bank

Metro Bank’s chief financial officer James Hopkinson is set to the bank in the first quarter of this year, less than two years after he was appointed.

Hopkinson joined the bank in September 2022 after nearly three years as CFO and executive director at ClearBank when Metro was working on a turnaround plan following an accounting scandal in 2019.

He took over from David Arden, who quit in February 2022 and was temporarily succeeded by deputy CFO Marc Jenkins.

The bank has begun its search for Hopkinson’s replacement, and Cristina Alba Ochoa will act as interim CFO from 15 January until then.

Ochoa was previously CFO for OakNorth Bank and most recently was interim CEO and non executive director of Atitlan Grupo, an investment group focused on Spain and Portugal.

“On behalf of the Board I'd like to thank James for his support during a pivotal time for the bank and wish him success for the future,” Metro Bank CEO Daniel Frumkin said.

Hopkinson’s departure follows a rocky few years for the British lender.

In October it struck a £925m rescue deal, securing a £325m capital raise from new and existing investors alongside £600m in debt refinancing.

The investment made Colombian billionaire Jaime Gilinski Bacal controlling stakeholder of the bank. 

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