He will join the bank today (9th July) and begin the transition of responsibilities from Liam Coleman, who announced that he was stepping down from the role last month.

Andrew – who is a qualified chartered accountant – began his career at PwC, where he worked for three years, and subsequently served at Deloitte for three years.

He joined Standard Chartered Bank in 2004, where he held senior leadership roles in wholesale banking in Africa and Asia.

In 2008, Andrew became chief financial officer for Standard Chartered’s consumer banking division and in 2011 he was appointed chief operating officer for consumer banking.

In his most recent role, he was group director and chief executive of the commercial banking division of Lloyds Banking Group.

Commenting on the appointment, Bob Dench, chairman of the Co-operative Bank, said that he was delighted that it was appointing Andrew as CEO.

“He is a first-class business leader with the experience, drive and intellect required to lead the organisation forward at a key point in its turnaround journey. 

“Five years ago, the bank faced very significant problems and over that time we have made progress towards successfully tackling those issues. 

“In Andrew, we have found the right person to take us on to the next stage as we focus on achieving a sustainable, profitable bank.

"Andrew's understanding of the role business plays in the community and its potential to make a positive difference – and his achievements in leading inclusion and diversity – also make him an ideal choice as CEO of the Co-operative Bank.”

Andrew said that he was excited to be asked to lead the Co-operative Bank at this important time.

“The bank is a well-respected brand, with a long and rich history. 

“It is much valued by its customers and colleagues and continues to lead the way with its commitment to ethical, environmental and community matters. 

“Over its recent history, the bank has been through a period of great change and uncertainty and I look forward to working with the teams to return the business to its former strength."