Metro Bank founder Anthony Thomson is joining forces with First Direct chief executive Mark Mullen to launch ‘Atom’, a new national and retail business bank.
The new venture is expected to open for business in 2015 and will be headquartered in the North East of England. Thomson and Mullen say Atom will have no branches and will become “the UK’s first truly digital bank”.
Thomson will be Atom’s chairman while Mullen will be chief executive, with further appointments to be announced “shortly”.
Thomson says: “Designed entirely for the digital age and with none of the legacy issues of the past, Atom will be the UK’s first real alternative to the established banks.
“Atom will be led and governed by an experienced and imaginative team who have a passion for people and know what it takes to put the customer at the heart of an organisation.
“Together we will offer our personal and business customers both better customer service and better value.”