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UK challenger Atom Bank hires Gareth Jones as new chief risk officer

Atom Bank Appoints New Chief Risk Officer: Key Points

  1. New Appointment:
    • Gareth Jones has been appointed as Atom Bank’s new Chief Risk Officer (CRO).
    • He replaces Chris Sparks, who is retiring after nine years at the bank.
  2. Gareth Jones’ Background:
    • Jones joins Atom Bank following a 26-year career at The Co-operative Bank.
    • At The Co-operative Bank, he served as CRO and held various roles in product, strategy, finance, and risk management.
  3. Responsibilities and Expectations:
    • Jones will be responsible for maintaining and enhancing Atom’s risk-management culture.
    • Atom CEO Mark Mullen highlights Jones’ extensive experience and credentials as vital for the bank’s growth and profitability.
  4. Context of the Appointment:
    • The appointment follows Atom Bank’s announcement of its strongest financial results for 2023.
    • The bank reported a 600% increase in operating profit and a 39% increase in its loan book while maintaining robust credit quality and avoiding fraud losses.
  5. Gareth Jones’ Perspective:
    • Jones expressed excitement about joining Atom Bank, describing it as “too good an opportunity to pass up.”

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