Lidion Bank announces senior leadership changes with new CRO and CCO appointments

Lidion Bank plc has announced a series of senior leadership changes, including the resignation of its Head of Risk and the appointment of a new Chief Risk Officer (CRO) and Chief Commercial Officer (CCO), both subject to regulatory approval.

The bank confirmed that Stephen Said Sarreo will step down from his role as Head of Risk with effect from 13th May 2026. In a company announcement, the bank stated that there are no matters requiring disclosure in connection with his resignation and thanked him for his contribution during his tenure.

To succeed in its risk function, the bank has appointed Tyrone Mizzi Navarro as Chief Risk Officer, pending approval from the Malta Financial Services Authority.

Mr Mizzi Navarro brings over 15 years of experience in financial risk management, governance and regulatory compliance. His background includes designing and implementing integrated risk and compliance frameworks, overseeing credit, operational and market risks, and managing risk-sharing schemes. He is also noted for promoting data-driven approaches to risk oversight and embedding a strong risk culture within organisations.

Alongside this, the bank has appointed Henning Hegemann as Chief Commercial Officer, also subject to regulatory approval.

Mr Hegemann brings extensive experience in mergers and acquisitions, having executed more than 45 transactions across the European Technology, Media and Telecommunications sectors. His expertise spans the full deal lifecycle, including origination, valuation, due diligence, and post-merger integration. He has also played leading roles in capital markets transactions totalling approximately €790 million in bond issuances, as well as a SPAC IPO on Euronext.