Stephen Johnson, Deputy CEO of Shawbrook Bank, will lead the newly formed Property Finance division. Philip George will continue to sit on the Board and Executive Committee and develop new opportunities for the bank across all lending divisions. Maeve Ward and Karen Bennett will lead the proposition, design, and strategy in the residential and commercial parts of the property division repsectively.
Commenting on the move, Johnson explained:
“Shawbrook Bank has a very clear vision for the future and we are excited about the role a combined Property Finance business plays in delivering the Bank’s ambition. Both teams have a rich heritage and I feel are amongst the most highly regarded in their markets. It is my privilege to work with such a committed and passionate group of people and we look forward with great enthusiasm to continuing to serve our customers and business partners.
The Residential Mortgages team includes our market leading secured lending business and as we move forward, other specialist areas of first charge residential mortgages. The Commercial Mortgages team will continue to serve the specialist buy-to-let, short term loan and commercial mortgage segments. In their new roles as Managing Directors they will retain responsibility for product, distribution and sales teams alongside overall strategy within their respective markets.
Stephen Johnson concluded:
“We absolutely acknowledge that our business partners operate in markets, notwithstanding last week’s historic vote, where there are a wide range of lenders to choose from. At Shawbrook we are driven by the philosophy of building long term relationships with our business partners and working with them to deliver a great and sustainable service to their customers. This approach has served us well and our vision for Property Finance retains its unwavering commitment to the intermediary market. I am extremely grateful to Philip for his leadership and wish to congratulate Maeve and Karen as well as the rest of the team on their new roles”.
