Stephen Jones (pictured above) has been appointed chair of Tandem to lead the bank in its next stage of growth.

He is currently executive chair of investment banking at Panmure Liberum and brings decades of senior leadership experience from across the UK banking sector, having held senior executive roles at Santander and Barclays as well as being the inaugural chief executive at UK Finance.

Stephen succeeds Paul Pester, who steps down after three years as chair having overseen the integration of Tandem and Oplo and strengthened the bank’s leadership team.

Clive Kornitzer will also join the board as an independent non-executive director, bringing more than 30 years of commercial experience, including over 20 years at board level.

Having previously held senior roles at Santander and One Savings Bank, he was most recently group COO at OSB Group.

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Clive replaces Matthew Donaldson, who steps down after nearly four years having brought significant consumer finance, digital and growth expertise to the board.

Stephen commented: “Tandem has built a robust, profitable business with a clear purpose and an exciting future.

“I’m delighted to be joining as chair and look forward to working with Neil, the board and the wider organisation as Tandem embarks on its next chapter.”

Neil Chandler, CEO at Tandem, said: “I’m delighted we’re announcing a strong series of appointments to Tandem’s board, underlining the exciting future that lies ahead for the business. Stephen and Clive add significant depth to an already-strong board.

“Their insight, perspective and judgement from the top of the industry will be invaluable, and I’m thrilled to welcome them both to Tandem.

“I’d like to give special thanks to both Paul and Matthew for their contributions to Tandem. They step down at a positive point for the business and we’re grateful for their insight during their time on the board.”