In his new role, he will focus on ensuring the bank continues on its journey towards long-term profitability, while preparing it for a large capital event in the future.

Andrew takes over from Atom’s co-founder David McCarthy, who will be leaving the business for personal reasons.

Throughout his six-year career at Atom, Andrew has held numerous senior roles, including group financial controller, deputy CFO, and director of corporate finance.

He has been involved in some key milestones for the bank, such as the inaugural securitisation issuance, previous capital raises, and the successful Banking Competition Remedies bid.

“I am incredibly proud and excited to take this opportunity and to join the Atom board,” said Andrew.

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“We have built the foundations of a great business and I will now focus on accelerating our profitable growth for the benefit of all our stakeholders. 

“In such a volatile period, our mission to make the experience of borrowing and saving simpler, faster and better value is more important than ever.

“On a personal note, as someone who grew up in the North East, I share Atom’s passion for developing local talent and offering learning opportunities from our hub in Durham.”

Mark Mullen, CEO at Atom, added: “David has been instrumental in making Atom what it is today; this is his company as much as it will ever belong to anybody, and I want to thank him for his fantastic contribution over the last eight years.

“Andrew is an extremely talented member of our team and his appointment is part of the next phase in Atom’s journey. 

“In recent months, we’ve made other changes to re-energise the senior team as we continue to evolve our business. 

“All companies must transition from being ‘start-ups’ to ‘started-ups’ and Atom is well along that road.”