Aldermore Bank has appointed Glyn Jones to the position of chairman after a long career in banking and fund management.

During his career, Jones has been the chief executive of the Coutts Group and general manager of private banking at Standard Chartered Bank as well as chairman of Hermes Fund Managers, Towry Holdings and BT Pension Scheme Management.

At present Jones holds the chair at speciality insurance provider Aspen Insurance Holdings and its UK subsidiary Aspen Insurance UK, as well as being a senior independent director of Direct Line Insurance.

Phillip Monks, chief executive of Aldermore Bank, said: "I am delighted that we have been able to attract a Chairman of Glyn’s calibre and experience. As we continue on our path of successful growth it is an exciting time for Glyn to be joining us and I am very much looking forward to working with him."

Aldermore has been on a hiring spree in 2014, recruiting for senior positions in materials handling and structured finance among others, and appointed Carl D’Ammassa as managing director in September last year.

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