Sir Henry will remain a non-executive director as well as chairman of Secure Trust’s remuneration committee.

In his 35 years at Secure Trust, Sir Henry has helped develop the bank from a £9m private company to a listed company with a market capitalisation of over £400m. 

Sir Henry is also the chairman of Arbuthnot Banking Group, which holds an 18.93% interest in Secure Trust Bank.

Lord Forsyth has been appointed as chairman of Secure Trust having previously been a non-executive director since March 2014.

The changes come following Secure Trust’s launch on to the main market of the London Stock Exchange as it looks to attract a wider range of investors.

Speaking of his departure, Sir Henry stated: "This is a time of mixed emotions as I have derived great satisfaction in overseeing the development of Secure Trust as chairman over the last 35 years, but I believe that in the capable hands of the new chairman, Lord Forsyth, and Paul Lynam carrying on as the very successful CEO, Secure Trust will continue to thrive."

Lord Forsyth paid tribute to Sir Henry saying that his vision had allowed Secure Trust to become a significant institution. 

“He steered Secure Trust safely through the financial crisis and has guided it as a public company on AIM and through its step up to the main market.  

“During that time, the business has grown, creating jobs and opportunities in the West Midlands and elsewhere.  

“I look forward to leading the Secure Trust Group to further success in the years ahead.”