Tandem Bank has announced key changes to its board as it positions itself for future growth.

Stephen Jones has been appointed chair to lead the bank in its next stage of growth. Jones is currently executive chair of investment banking at Panmure Liberum and brings decades of senior leadership experience from across the UK banking sector, including senior executive roles at Santander and Barclays, as well as being the inaugural chief executive of UK Finance.

He succeeds Paul Pester, who steps down after three profitable and successful years in which he oversaw the successful integration of Tandem and Oplo and strengthened the bank’s leadership team, including appointing new CEO Neil Chandler in 2025.

Clive Kornitzer will also join the board as an independent non-executive director. With senior roles held at Santander and One Savings Bank, he was most recently group COO at OSB Group.