- Challenger lender Metro Bank said it had appointed Dan Frumkin as its new chief executive officer.

Frumkin had been serving as the company's CEO in an interim capacity since 1 January, having joined last September from the Bank of N.T. Butterfield & Son.

'When we began the search for a permanent CEO, we were looking for someone who believed in prioritising excellent customer service with a track record in retail banking and business transformation, and the necessary experience to deliver sustainable growth,' chairman Michael Snyder said.

'We have conducted a comprehensive evaluation from a strong field of candidates and Dan stood out.'

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