Founder of Atom Bank Steps Down From Role As Chairman

Photo via Worksmart Technology

Late last night, Anthony Thomson, the chairman of Atom bank, announced his resignation from the digital challenger.

Thomson is the founder of Atom. He had been serving as the chairman since the app-only bank was established back in 2014. Since its launch, it has taken more than £1bn of deposits and lent over £1bn to homeowners and small businesses.

Will.i.am, the singer, is a strategic board adviser.

The chair of the audit committee of Atom, Bridget Rosewell, has been appointed to take over Thomson’s role, subject to regulatory approval.

Rosewell is also the chairman of the Driver Vehicle Standards Agency, and he is also on the board of Network Rail. He is also as a commissioner with the National Infrastructure Commission.

In a statement that was released late last night, Thomson stated: “I specialise in disrupting, creating and building and I hope this will be my contribution to the Atom bank story. I have loved doing this with Atom but, as the bank moves into a new phase of development, I feel the time is right for me to step down from the role of chairman.

“As founder, I remain fully committed to Atom bank’s success and will remain a shareholder.”

Rosewell stated: “Anthony is the consumer’s champion, leading from the front to bring true competition to the industry and to change banking for good.”

“It is with regret but also great admiration that the board have accepted his resignation, and I and my colleagues fully understand his reasons for leaving having brought the business to maturity and achieved so much so quickly.”