Secure Trust Bank (STB) has announced that CFO Rachel Lawrence intends to retire during the first half of 2027, bringing to a close a six-year tenure with the specialist lender and a financial services career spanning more than 35 years.

Lawrence, who joined the board in September 2020, has informed directors of her plans to step down, with the bank now beginning the search for a successor. STB said the planned timetable should allow for an orderly transition and seamless handover.

Jim Brown, chair of STB, said: "Rachel has helped drive significant strategic progress across the business, including its simplification, and has maintained a disciplined approach to capital management. Together, these have positioned STB well for continued growth and improved shareholder returns."

Lawrence added: "While the decision to retire is not an easy one, I do so knowing that STB is well positioned for continued growth, supported by a robust balance sheet and a strong capital position. I wish the Board, the Executive team and all my colleagues every success in the future."

Before joining STB, Lawrence held senior finance roles across the UK banking sector, including chief financial officer of AIB Group (UK), group finance director at Shawbrook Bank and financial director at Metro Bank, where she was part of the team that launched the challenger bank.

The bank said it will provide a further update once a successor has been appointed and a retirement date confirmed.

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