A former chief financial officer of Virgin Money has been appointed as Atom Bank's new chairman to replace Bridget Rosewell.
In what could be an indicator of Atom's IPO ambitions, Lee Rochford, who helped Virgin Money to float on the London Stock Exchange in 2014, joins the bank at what he called a "pivotal moment". Mr Rochford also held senior roles at RBS and was CEO at the formerly listed debt recovery specialist Arrow Global Group.
Bridget Rosewell, who has been in position for five years, will step down in September. The move comes as Atom was reported to be eyeing a £100m capital fundraise, following £30m secured from existing investors BBVA, Toscafund and Infinity Investment Partners late last year.
