GB Bank’s chief executive Mike Says will retire from his role at the end of April and will be succeeded by Eddie Trahearn, currently chief strategy and financial officer, subject to regulatory approval.

Since joining in 2021, Says has led the bank from pre-authorisation to profitability and sustainable growth in under five years.

He will retain board roles within the group providing continuing knowledge and guidance.

Trahearn joined GB Bank in 2021 as head of treasury and funding and has played a central role in shaping the bank’s strategy, funding model and growth trajectory.

He previously held senior treasury and balance sheet roles at Belmont Green, LendInvest and Charter Savings Bank.

Alongside the CEO transition, GB Bank is making changes to its executive team.

Pankaj Thukral, chief lending officer, will broaden his role to become deputy CEO and Adam Royal, currently head of finance, will step into the role of chief financial officer.

In addition, Tom Graham, group treasurer, will become chief capital and treasury officer.

Commenting on his retirement, Says comments: “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.”

Trahearn adds: “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 CEO, supported by a strong and experienced executive team.”