Atom bank has appointed Gareth Jones as its new chief risk officer subject to regulatory approval.

He replaces Chris Sparks, who is retiring after nine years at the bank.

Jones (pictured) joins Atom bank from the Co-operative Bank, where he has worked for 26 years, most recently as chief risk officer. Over his career, Jones has undertaken a broad range of roles across product, strategy, finance and risk management.

He said: “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.”

Mark Mullen, chief executive officer at Atom, added: “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.”