The Co-operative Bank has announced that Donald Kerr (pictured above) will be joining as its managing director of SME banking, subject to regulatory approval.
The new role has been created to grow the bank’s presence in the business banking market.
Donald – who will join the bank early in 2019 – will report directly to the bank’s chief executive Andrew Bester.
Donald will join from CYBG, where he has served as head of small business banking and was responsible for developing the banking group’s business case for its forthcoming capability and innovation fund initiative.
“I am delighted that Donald has chosen to join the Co-operative Bank at this important point in our development,” said Andrew.
“Donald’s experience in leading successful business banking operations – and insight into the challenges and opportunities SMEs currently face – will be valuable as we increase our focus and build our position in this market and I look forward to working with him.”
Donald added: “I’m delighted to be joining the Co-operative Bank as it looks to grow its position in the business banking market.
“The need for greater competition in the market is well documented, but should at last become a reality with the help of the RBS remedies package.
“That’s great news for Britain’s SMEs and I believe the bank’s distinct ethical position means it has a strong role to play in delivering on that.”
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