He will take up the role, subject to regulatory approval, from Chris Sparks, who retires after nine years at the app-based bank.

Jones joins Atom from The Co-Operative where he has worked for 26 years, most recently as Chief Risk Officer.

Over the course of his career, Jones has held a variety of roles, and Atom, will ensure the bank maintains and further enhances its risk-management culture.

Jones says: “The opportunity to join an ambitious and progressive digital business like Atom bank was too good an opportunity to pass up.

“I’m excited to be working at a company with such strong customer advocacy, supported by an impressive risk management culture and capability. I look forward to getting started and building on Atom’s already significant achievements.”

Atom chief executive officer Mark Mullen says: “We’re delighted to welcome Gareth to Atom at a crucial stage of growth for the business. I’d also like to take this time to wish Chris a happy retirement, and thank him for all his hard work in making Atom what it is today.

“With extensive experience in the sector and a genuine commitment to both customers and employees, Gareth comes with excellent credentials and a proven track record in risk management, risk culture and leadership. His contributions will be vital to Atom, as we continue to grow our proposition and build sustainable profitability.”