Bank appoints new non-exec director

Metro Bank has announced the appointment of Sir Michael Snyder to its board of directors.

Sir Michael is a senior partner at the audit and accountancy firm Kingston Smith, and will be using his  expertise to scale up the challenger bank.

Having sat on the government’s Small Business Council and Small Business Investment Taskforce, Sir Michael will also be involved with Metro’s SME division, which accounts for half the bank’s total lending.

Speaking about his appointment, Sir Michael said: “Metro Bank’s focus on prioritising their customers’ needs first, coupled with a well organised and strategically executed expansion bodes well for future growth and I am looking forward to playing a part in it.” 

Vernon Hill, Chairman and Founder of Metro Bank, added: “I’m delighted to welcome Sir Michael to our Board of Directors.

“Metro Bank will draw on his extensive experience of growing one of London’s most successful businesses, as we continue to execute our plan to revolutionise British banking.”

Sir Michael is the latest high-profile appointment by the lender which made two new additions to its leadership team in August.