Tandem bank has appointed Matt Dobson as chief financial officer.

He takes on the role from Dave McCarthy, who joined Tandem for a two-year period.

Dobson currently works as Tandem’s treasury director and has around 25 years of experience in finance and treasury roles in the UK banking industry.

Prior to joining the digital bank in April 2023, he worked at Bank North as finance director.
Dobson has also held senior roles at Furness Building Society and Barclays, where he worked for 15 years.

McCarthy will continue to hold regulatory accountability until the end of December. Tandem said he work closely with Dobson to ensure a smooth handover.

Dobson is expected to formally begin his role from 1 January subject to the regulator’s approval.

Originally joining Tandem for a two-year period to help with the integration of Oplo and Allium into Tandem, the bank said McCarthy has been “instrumental” in Tandem’s journey and transformation into a single bank.

“I'm thrilled to announce Matt as our new CFO, especially as an internal appointment -since joining as director of treasury, he’s made a significant impact on our financial strategy, including our recent securitisation,” said Alex Mollart, Tandem Bank’s chief executive. “Matt’s dedicated to our mission of helping UK consumers transition to a lower-carbon lifestyle and so I know he’s going to be a success.”

In May, Tandem announced its second year of profitability. The digital bank also revealed that savings customer numbers doubled in 2023.

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