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Atom bank announces four new appointments to its board

12 November 2018

FOR IMMEDIATE RELEASE: Monday 12th November 2018

Atom bank announces four new appointments to its board

Four new directors have joined the Board of Atom bank, the UK’s first bank built exclusively for smartphone and tablet.

Cheryl Millington brings her very significant technology, retail and banking expertise to the board. Previously CIO at Asda and Waitrose and most recently Chief Digital Officer at Travis Perkins, Cheryl was also part of the senior management team at HBOS.

David Roper is the new chair of Atom’s Audit Committee. David was an assurance partner with PWC’s financial services practice. His appointment was triggered by Bridget Rosewell’s move to become Chairman of Atom.

Ian Ormerod and Victoria del Castillo are joining the Atom Board as representatives of BBVA.

Welcoming the appointments (certain of which remain subject to regulatory approval), Atom’s Chairman Bridget Rosewell said:

“I am delighted that Atom continues to attract and maintain a high quality and diverse group of directors. All of our board members bring significant expertise and incisive challenge to the business, and with their support the bank continues to grow successfully and build an enviable reputation for efficiency and innovation.”

ENDS

Note to Editors

After securing its banking license in June 2015, Atom bank launched operations in April 2016, offering market-leading Fixed Saver accounts and secured business lending for small and mediumsized enterprises (‘SMEs’). From the start, Atom set out to build a customer- driven bank, designed to meet their new needs and optimised for mobile technologies.

Atom bank launched its first mobile mortgage product a year ago and has recently announced it has taken £1.3bn of deposits and has now lent £1.2bn to small businesses and homeowners.

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 25 years’ experience in the sector and was previously CEO at the multi- award winning telephone and internet bank first direct. The team are supported by a strong non-exec board, which includes newly appointed Chair, Bridget Rosewell. Bridget has also been the chair of Atom’s audit committee since 2014. She has an economics background and is also Chairman of the Driver Vehicle Standards Agency and on the board of Network Rail as well as a Commissioner with the National Infrastructure Commission.

Atom bank are here to change banking, creating a disruptive and digital bank, keeping costs low and passing back the value to its customers. The Atom app is at the heart of the bank, with a 24/7 support team on hand to help with any customer queries through phone, chat, email and social media, working out of their Durham HQ.

Since its creation in April 2014, Atom has:

  • Raised almost £400m of equity capital through the support of private and institutional investors, including BBVA, Woodford Investment Management and Toscafund Asset Management
  • Built a highly motivated and experienced team of around 300 permanent employees
  • Been ranked 8th in KPMG’s ‘Global 2017 Fintech 100’ listing, and uniquely in the EU have been top10 in this listing for the last three years.
  • Ranked 1st in Tech World’s Digital Challengers list
  • Ranked 14th in LinkedIn’s ‘Top 25 Startups’
  • Voted the UK’s most recommended bank
  • Industry leading NPS scores in relation to Savings Product and Savings App Journey of 73%
  • Trustpilot score of 5/5
  • 98% of customers said they would recommend us on Reevoo
  • Established a global network of partners and suppliers
  • Launched 1, 2, 3 and 5 Year market-leading Fixed Saver accounts - Atom has nearly £1.3bn in deposits so far
  • Launched Digital Mortgages by Atom bank, offering secured lending to SMEs and residential mortgage products - Atom has loaned around £1.2bn to date
  • will.i.am joined Atom bank as a Strategic Board Advisor, giving an external perspective on culture, community and technology
  • Partnered with Deposit Solutions and passported its deposit taking licence to Germany to access German retail savings market to diversify funding options and increase deposits
  • Announced a four year STEM partnership with the Prince’s Trust in North East England
  • Signed up to the Women in Finance Charter in 2016 and the Tech Talent Charter in 2017