Banking veteran Marc Page hired by Metro Bank as CFO
Metro Bank has hired Barclays exec Marc Page as its new chief financial officer (CFO), effective 2 September.
Metro Bank hires new CFO
Page will take the reins from interim CFO Cristina Alba Ochoa and is to join directly from UK bank Barclays, where he has held a number of senior roles since joining in 2017.
He most recently served as CFO of non-bank lender Kensington Mortgages, which was acquired by Barclays in 2023, as well as non-executive director of Clydesdale Financial Services, a unit also owned by the bank.
Prior to joining Barclays, Page worked as finance director for Lloyds Banking Group and held various senior positions at HBOS.
“Marc brings deep financial expertise and understanding of the banking sector, including a wealth of knowledge and experience across retail banking, distribution and product management,” comments Daniel Frumkin, CEO of Metro Bank.
A seasoned banker, Page’s appointment comes just months after Metro Bank’s shareholders gave the green light to a £925 million refinancing plan provided by Morgan Stanley and Moelis to help shore up its finances.
The deal also handed Spaldy Investments, which is owned by Colombian billionaire Jaime Gilinski Bacal, a 52.88% stake in the bank, making the firm its new majority shareholder.
Metro Bank also announced the same month that it would cut around 800 roles across its organisation – approximately 20% of its workforce – as well as triggering a review of its branch opening hours. Due to complete this quarter, the cuts are projected to save the bank up to £50 million a year.
