Aldermore appoints new CEO

Aldermore Group has announced that Steven Cooper is stepping down as Chief Executive Officer (CEO).

Cooper, who joined Aldermore in May 2021, has decided to leave for a new opportunity outside the banking industry where he has built a 20-year career. In his four and a half years with Aldermore.

Raj Makanjee will step into the role as CEO subject to regulatory approval. Makanjee brings a wealth of experience of retail banking and operational leadership. He has spent 17 years with FirstRand Limited (FirstRand).

Before FirstRand Makanjee spent 17 years as a Partner at Accenture where he consulted to banking, insurance and capital markets clients in South Africa and Australia.

Pat Butler, Chairman at Aldermore, said “On behalf of Aldermore and the Board, I would like to thank Steven for his enormous contribution since becoming CEO, in the midst of the pandemic. Under his leadership, the bank has matured, integrated, and grown significantly, and has a clear strategy for the years ahead.

“We are delighted to welcome Raj to the team. With his extensive experience in financial services, he is ideally positioned to help drive our ambitions forward as we embark on the next chapter of our journey.”