Bank appoints heir apparent
THE Manchester-based Co-operative Bank has appointed Liam Coleman as its deputy chief executive officer with effect from today and is being groomed to take over as CEO in the near future.
Subject to regulatory approvals Coleman will also become a director of the bank.
He will take responsibility for the day to day running of the bank, and is expected to succeed chief executive Niall Booker as chief executive at a date to be determined.
Chairman Dennis Holt said: “The board has been mindful of the need to manage an orderly succession and, having considered both internal and external candidates, we are delighted that Liam has agreed to take on this role.
“As part of the current management team, Liam has been instrumental in leading the considerable progress in rebuilding the Bank’s retail franchise and restoring its position amongst customers. This appointment provides continuity and enables us to plan for the future”.
Coleman joined the Bank as Treasurer in June 2013 and in September 2014 he became director, retail and commercial bank. He has been a member of the Bank’s values and ethics committee since July 1 2015.
He has more than 30 years’ experience in financial services having previously been deputy group treasurer and group head of capital management at the Royal Bank of Scotland Group, and worked in a variety of treasury roles at Nationwide Building Society, latterly as group director, treasury.
Prior to this Coleman held roles at The Mitsubishi Bank, Hambros Bank and NatWest Bank. He is a non-executive director of the Great Western Hospitals NHS Foundation Trust.
