The Bank of London names Metro Bank exec Marc Jenkins as UK CFO

UK clearing bank Bank of London has appointed Mark Jenkins as its new Chief Financial Officer (CFO) for the UK.

Mark Jenkins, UK’s new CFO of The Bank of London

Jenkins will also be a member of the company’s executive management committee.

In his new role, Mr Jenkins will be responsible for “all accounting, finance and corporate finance” for the company and will “work with senior management to support the commercial agenda”, Bank of London said.

He joined from Metro Bank, where he served as Deputy CFO for nearly two years, and CFO after David Arden stepped down earlier this year.

Previously, Jenkins served as CFO and member of the Board of Directors at ClearBank for nearly four years, leading the bank’s financial operations, including strategic planning, financial and regulatory reporting, and capital planning and management. He has also held positions at NatWest Group and Mastercard International.

Jenkins says he is joining the firm at a “pivotal moment in its journey” and aims to support the bank’s “long-term and sustainable financial performance”.

Jenkins’ appointment comes just days after Phil Knight was appointed as the company’s new Group Chief Technology Officer (CTO) and Group Chief Information Security Officer (CISO).

The bank also appointed a new co-president and group chief product officer in July, and a new deputy CEO for the UK in April 2022.

The company will launch in November 2021 at a valuation of $1.1 billion.