Rod Ashley has announced his decision to step down as CEO of Alba Bank after six years in the role.
Jonathan Thompson, currently the chief commercial officer, will assume the position of acting CEO. Prior to joining Alba, Thompson served as CEO and co-founder of Bank North.
The SME-focused bank has also revealed that Dominic Wade will join as chief financial officer, having previously worked at Unity Trust Bank.
Thompson expressed his enthusiasm for leading Alba, stating, “I am delighted to take the reins at Alba and lead the bank through this next critical phase. It is great to have someone of Dom’s calibre alongside me as we take the business forward.”
Alba received its banking license last year and has formed partnerships with nCino and ClearBank.
Ashley reflected on his time at Alba, saying, “I have enjoyed every moment of leading Alba from the early days but now is the right time to step aside. I will be following Alba’s progress over the coming months and wish the team every success.”
Robert Sharpe, chair of Alba, commented, “Rod has been a part of the Alba story for six years but has decided now is the right time to move onto other interests. He leaves with our thanks and best wishes.”