Aldermore Group PLC has announced that John Callender will step down from the Board of Directors in February 2015.

John Callender has served as Independent Non-Executive Director on the Board since the Bank was established in May 2009 and in that time he has chaired the Risk Committee and served as interim Chairman.

Aldermore Bank Chairman, Glyn Jones, praised the role John Callender played in the growth of the bank and said they will reveal a successor as Chairman of the Risk Committee in due course.

“John has played a critically important role on our Board since the Bank was founded over five years ago, making invaluable contributions both as a member of the Board and as Chairman of the Risk Committee,” he said.

“I personally wish to thank him for his contribution and wish him all the very best for the future."

“Aldermore has a strong Board with a wealth of business and public company experience. The Bank is well positioned as it looks to continue its increasing profitability in 2015.”

During his time on the Board, Aldermore have become one of the fastest growing banks with over 800 employees and reported assets of £4.8 billion and pre-tax profits of £18.6 million.