The Co-op Bank has named Andrew Besteras its new Chief Executive. This news was followed by an announcement that the bank’s chief finance officer will also be stepping down. Mr Bester was previously chief executive of the commercial banking division of Lloyds Banking Group, where he is reportedto have led on inclusion and diversity.
In a statement, Mr Bester said: “[The Co-op Bank] is a well- respected brand, with a long and rich history. It is much valued by its customers and colleagues 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.”