December 17, 2019 / 4:04 PM / a month ago

Metro Bank's founding chairman Hill steps down as non-executive director

FILE PHOTO: Metro Bank Chairman Vernon Hill poses for a photograph in the vault of their new branch in Slough, southern England May 3, 2013. REUTERS/Eddie Keogh

(Reuters) - Metro Bank (MTRO.L) said on Tuesday Vernon Hill, the founding chairman of the struggling British lender, had stepped down as a non-executive director.

Metro Bank had said in October that Hill, who quit as chairman but agreed to accept an honorary position, would remain a non-executive director of the bank until Dec. 31.

Chief Executive Officer Craig Donaldson is also leaving the company after a torrid year in which the British lender was engulfed in a damaging accounting scandal that wiped 90% off its market value.

Reporting by Noor Zainab Hussain in Bengaluru; editing by David Evans

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