Shares in Metro Bank (MTRO) dipped 2 per cent on Wednesday, after the lender’s board formally appointed restructuring specialist Dan Frumkin as the group’s chief executive.
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Mr Frumkin, who has previously held roles with Bermudan community bank NT Butterfield & Son, RBS and Northern Rock, joined Metro as chief transformation officer in September. Last month, he stepped in as chief executive on an interim basis, replacing Craig Donaldson after a disastrous 2019.
His first task will be to sell a turnaround plan to the market next Wednesday, when the group reports its full-year numbers.
