GB Bank names new chief executive

GB Bank has announced that chief executive Mike Says has stepped down, with Eddie Trahearn set to succeed him, subject to regulatory approval.

Mike has led the bank since 2021, overseeing its journey from pre-authorisation to profitability, growing the lending book to around £800 million and expanding the balance sheet to more than £2 billion.

Mike said: “I joined GB Bank with a clear objective: to build and scale a bank from pre-authorisation through to sustainable profitability. 

“Having achieved what I set out to do, with the Bank now on a strong and self-sustaining footing, this is the right time for me to step down from the executive role and begin the next chapter of my career.

“Eddie is the right person to lead GB Bank forward, and I am confident the Bank has a very bright future.”

Eddie, currently chief strategy and financial officer, has played a key role in shaping the bank’s growth and funding strategy.

The transition forms part of a wider strengthening of the leadership team as GB Bank enters its next phase of growth as a UK challenger bank.

Eddie added: “I would like to thank Mike for his leadership and for the platform he has built. 

“We have achieved a great deal in a short period of time and have significant opportunities ahead.

“I am excited to take on the role of chief executive, supported by a strong and experienced executive team.”

Huw Morgan, GB Bank chairman, added: “Mike has led GB Bank through a period of exceptional progress, taking the business from pre-authorisation through to profitability and establishing a strong platform for sustainable growth. 

“On behalf of the board, I would like to thank him for his outstanding leadership.

“We are delighted to appoint Eddie as chief executive. 

“His deep understanding of the business and strong strategic and financial credentials makes him ideally placed to lead GB Bank through its next phase.”

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