Former Virgin Money exec Rochford to chair digital financial institution Atom
A former Virgin Money finance chief has been picked as the subsequent chairman of Atom Bank because the digital lender heads in the direction of a long-awaited inventory market itemizing.Sky News has learnt that Lee Rochford, who additionally ran the debt assortment group Arrow Global Group, is being lined up because the successor to Bridget Rosewell.
One insider mentioned an announcement about Mr Rochford's appointment was anticipated imminently.His arrival will come as Atom works with advisers to lift as much as £150m in capital in what is anticipated to be its remaining share sale earlier than an try to float.The Durham-based firm is working with bankers at Jefferies on the fundraising.
The plans observe a £30m money name final November which was funded by present buyers, ...