Metro Bank expands offering for local authorities
Metro Bank has announced the appointment of Sam Mackenzie-Carmichael as commercial banking director for local authorities. Her appointment comes as Metro Bank begins working with local authorities, both local to its stores and nationally.
Sam has extensive experience in the local authority sector, both in advisory roles and in-house local authority positions. She joins Metro Bank from independent treasury advisory company Arlingclose, where she advised local authorities on their debt and investment portfolios. Prior to Arlingclose, Sam worked for Barclays Capital as an assistant vice president in the risk solutions group, working predominantly with local councils. She began her career as an apprentice at Cornwall County Council before being appointed treasury manager.
Craig Donaldson, chief executive of Metro Bank, said: “It is a pleasure to welcome Sam to Metro Bank; her appointment demonstrates our commitment to working with local authorities. Due to previous guidance, Metro Bank has previously been largely excluded from this sector, but as guidance for local authorities on where to place their deposits has matured and developed, we’ve received an overwhelming reception from councils.
“As local authorities look for new banking partners, it’s encouraging to see them look to banks like Metro Bank that can demonstrate sustained strength, stability and long-term growth. Metro Bank’s specialist local authority team, led by Sam, is committed to providing the best in service and convenience to councils and we look forward to developing relationships even further.”
Commenting on her appointment Sam said: “The opportunity to be part of the Metro Bank team is one I couldn’t pass up. My experience has taught me about what local authorities want and need from banking partners, and Metro Bank’s customer focused traditional banking model is hugely exciting.”