Current CEO, Phillip Monks OBE, founded the bank in 2009 and announced his decision to retire earlier this year.
Steven Cooper is presently Chief Executive Officer of C.Hoare & Co. He has over three decades worth of experience in international banking, having previously worked at Barclays as Chief Executive of the Personal Banking business across the UK and Europe and also as Chief Executive of Barclaycard Business Solutions.
Pat Butler, group chairman of Aldermore, said: “I am delighted that Cooper has decided to join us at Aldermore. His pedigree speaks for itself and our board is confident that he will build upon Monks’ legacy and grow our business successfully, while embracing and strengthening our culture and values.
With Cooper’s leadership we will continue to champion those values, to pursue our purpose of backing people to fulfil life’s hopes and dreams, and to support our customers, colleagues and communities in these difficult times.”
Steven Cooper added: “Under the leadership of Phillip Monks, Aldermore has gone from a vision to a substantial business in just a short period of time.
“The board and shareholders are committed to achieving a similar growth trajectory over the next few years, whilst maintaining the business purpose and its strong values. I am delighted to be leading this exciting new chapter in the evolution of Aldermore.”
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Aldermore also recently announced that its 120-day notice product has been reintroduced.