David McCarthy, who resigned after eight years as Atom Bank's finance chief in September, is taking the same role at Tandem Bank, a smaller competitor, Sky News understands.
A challenger bank specialising in green finance has poached its new finance chief from a rival as it seeks to accelerate its growth in a challenging economic environment.
Mr McCarthy's appointment, which will be announced on Monday, will come as part of a reinforcement of Tandem's senior management ranks. Tandem announced in the autumn that Alex Mollart had been hired as its chief executive, while the former TSB boss Paul Pester was named chairman earlier in the year.
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