Bluestone appoints new MD

Bluestone Group has announced the appointment of David Torpey as Managing Director (MD) of Bluestone Mortgages and Group Chief Operations Officer (COO). Torpey will fill the newly created COO role as well as assuming the position of Managing Director of Bluestone’s mortgage business, replacing Matt Andrews who has recently left the business. Torpey brings nearly 30 years of financial services experience in the UK, Sweden and Australia to the role. The appointment remains subject to FCA approval and is expected to commence with effect from 1st July 2017. Peter McGuinness, Bluestone Group CEO will be acting as MD of Bluestone Mortgages until that time.

Peter McGuinness, CEO of Bluestone Group  said “The Bluestone team has worked closely with David for nearly 15 years, initially through his role managing a number of significant wholesale and capital markets facilities for the business whilst at Barclays. It’s clear that David has continued to develop a deep understanding of the operational, funding and regulatory aspects of a specialist mortgage business and has been instrumental in driving the success of BlueStep in Scandinavia. David is held in high regard within the industry, and we are very much looking forward to him joining Bluestone at a time when we are developing a number of lending platforms, including Bluestone Mortgages in the UK and Bluestone Asset Finance in Ireland.”