UK’s Atom Bank Appoints Andrew Marshall as New CFO

UK-based challenger bank Atom has appointed Andrew Marshall as the company’s chief financial officer.

He will be replacing Atom co-founder David McCarthy whose departure was first reported  in September of this year.

Marshall has reportedly worked at Atom for the past six years, holding several key roles and was recently serving as deputy CRO and director of corporate finance.

Atom Bank has made several senior appointments during the past few weeks, including Andy Sturrock and Rebecca Cartwright who were named as chief technology officer and cheif risk officer, respectively.

The appointment of Marshall comes during a time of continued speculation about Atom’s plans to go public. A merger with a US-headquartered special purpose acquisition (SPAC) company was called off earlier in 2022.

It has also been reported that Atom is presently interviewing investment banks in relation to a potential flotation at some point next year.

As covered in August 2022, UK’s Atom Bank revealed that the 6-month trial of a 4-day work week was really positive for workers and that customer service ratings have not been negatively impacted.

App-based Fintech Atom bank said that its four-day working week trial was a success due to several reasons.

The digital banking platform, which is based in the northeast of England, noted that the trial had been quite “positive” for workers, enhancing productivity and overall job satisfaction.

As first reported by Sky News, recruiting and then retaining staff members has also been easier, and there was reportedly no negative impact on client service ratings, the firm claims.

The trial started in November 2021 and at that time, Sky News reported that staff members may be given the option to move from 37.5 working hours spread during the course of five days to 34 hours spread across four business days for the same pay.

Anne-Marie Lister, chief people officer at Atom, stated (in August 2022:

“We firmly believe the four-day week is the future of working life and it is encouraging to now see the range of businesses across the UK embracing the four-day week trials. We are a progressive bank and a progressive employer, and our experience in planning for and moving to a four-day week has shown that it is possible for businesses to do this and bring huge benefits to their people.”

She added:

“We believe most organizations can move to a four-day week and we hope Atom’s experiences will encourage more businesses to make the shift permanently.”

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