U.S. Markets open in 55 mins

Metro Bank to seek a successor for chairman Vernon Hill - Sky News

FILE PHOTO: Signage is seen outside of a Metro Bank in London

(Reuters) - Metro Bank <MTRO.L> will announce on Wednesday alongside its half-year results that it is kicking off a search for a new independent chairman to succeed Vernon Hill, Sky News reported on Tuesday.

The British lender was unlikely to set a date for Hill's departure or say whether he would remain on the company's board after he renounces the post of chairman, Sky News https://news.sky.com/story/hill-era-nears-its-end-as-metro-bank-kicks-off-hunt-for-new-chair-11769150 said, citing sources.

Metro Bank declined to comment on the Sky News report.

(Reporting by Rishika Chatterjee in Bengaluru; editing by David Evans)