Laurel Powers-Freeling is to join the Board of Atom

Laurel Powers-Freeling is to join the Board of Atom
02.07.2015 01:00 am

Laurel Powers-Freeling is to join the Board of Atom

People Moves

The appointment comes hot on the heels of Atom’s announcement that the Prudential Regulation Authority and the Financial Conduct Authority have approved its digital business model.

Ms Powers-Freeling was recently appointed as Chairman of Sumitomo-Mitsui Banking Corporation Europe, and brings a deep and wide-ranging expertise of banking and financial services. Formerly CEO of Marks & Spencer Money, she has also held senior executive roles at Lloyds TSB, American Express and the Prudential. From her current and recent Non-Executive roles, Laurel brings experience from the Bank of England, the Bank of Ireland and C Hoare and Co Private Bank.

Anthony Thomson, Chairman of Atom, said:

“I am absolutely delighted that Laurel is joining the Atom Board as our senior independent non-executive. It is another vote of confidence in Atom that we can attract someone of Laurel’s quality, standing and experience. Working alongside our non-executive team of Bridget Rosewell, Patricia Jackson, John Deane and Jon Hogan I am confident that Laurel will help to steer Atom to success.”

Announcing her decision to join the Atom Board, Laurel Powers-Freeling said:

“Atom is a hugely exciting prospect. The combination of a great team, innovative technology and analytics combined with the confidence of the regulators in its business model makes it a pleasure to accept Anthony’s offer to join the Board. There’s a huge amount for the Board and the Executive of a new bank to accomplish, however given the progress to date I am sure we will succeed in delivering a genuinely different approach to banking that customers actually like.  There’s a lot of noise about challengers in the UK retail market, but I’m joining Atom Bank because I believe it’s the ‘real deal.’

The appointment is subject to approval and final confirmation by the PRA and FCA.

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