Atom announces appointment of Andrew Marshall as CFO

21 October 2022

Atom bank has today announced the appointment of Andrew Marshall as its new Chief Financial Officer (CFO), replacing Atom co-founder David McCarthy.

Andrew has been working at Atom for over six years, holding the positions of Group Financial Controller, Deputy CFO and Director of Corporate Finance during that time. Prior to Atom, he worked at Barclays and EY.

Andrew has been involved with some key milestones at Atom, including the inaugural securitisation issuance, previous capital raises, and the successful Banking Competition Remedies bid.

Andrew replaces long-standing CFO David McCarthy, who co-founded Atom in 2014 and is leaving for personal reasons. The move represents the next stage of Atom’s development as a business, and follows the recent appointments of Andy Sturrock and Rebecca Cartwright to the roles of Chief Technology Officer and Chief Risk Officer respectively.

In his new role, Andrew will focus on ensuring Atom continues on its journey towards long-term profitability, while preparing the bank for a large capital event in the future.

Andrew Marshall, CFO at Atom, said: “I am incredibly proud and excited to take this opportunity and to join the Atom board. We have built the foundations of a great business and I will now focus on accelerating our profitable growth for the benefit of all our stakeholders. In such a volatile period, our mission to make the experience of borrowing and saving simpler, faster and better value is more important than ever.

“On a personal note, as someone who grew up in the North East of England, I share Atom’s passion for developing local talent and offering learning opportunities from our hub in Durham.”

Mark Mullen, Chief Executive Officer at Atom, said: “David has been instrumental in making Atom what it is today. This is his company as much as it will ever belong to anybody and I want to thank him for his fantastic contribution over the last eight years.

“Andrew is an extremely talented member of our team and his appointment is part of the next phase in Atom’s journey. In recent months we’ve made other changes to re-energise the senior team as we continue to evolve our business. All companies must transition from being ‘start-ups’ to ‘started-ups’ and Atom is well along that road.”


For more details journalists can contact:

For Lansons

Ed Hooper, 07783 387713

Ed Shelley, 07825 427522

For Atom

Robbie Steel, 07538 775 701

About Atom bank

Atom bank is the UK’s first app-based bank, on a mission to make the experience of borrowing and saving simpler, faster and better value than anyone else.

The bank launched operations in April 2016, and offers award-winning mortgages and savings through its app, alongside secured business lending for small and medium-sized enterprises.

Based in the North East of England with a team of over 470 people, Atom is here to ​​change banking for the good, for the better, and for everyone. This means focusing on customers’ needs, delivering better value than the incumbents, providing an exceptional app-based experience and offering award-winning customer support via phone, chat, email and social channels.

Based in Durham, Atom is an engaged and active member of the North East Community. In 2022 Atom signed a five-year Memorandum of Understanding with Durham University to progress key research and diversity initiatives. The region has one of the highest levels of youth unemployment in the UK and Atom is passionate about addressing the critical digital skills gap and helping develop young people and other groups that are under-represented within the industry.

As of November 2021, all employees enjoy a four-day working week, after Atom became the largest company - and only bank - in Britain to introduce the policy, with no reduction in salary.

The Atom executive team are highly experienced, having built and run some of the most well-respected banks in the UK. CEO Mark Mullen has 30 years’ experience in the sector and was previously CEO at the multi- award-winning telephone and internet bank first direct. The team is supported by a strong non-exec board, chaired by Bridget Rosewell CBE.