Credit, Collections & Insolvency News
Momenta Finance has announced the appointment of Tim Boag as Chief Executive Officer, effective 1st September 2025. Boag brings with him more than 35 years’ experience in financial services. His career spans major UK banking institutions and specialist lenders, equipping him with a unique perspective to lead Momenta Finance into its next phase. Most recently,…
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Consumer lender Fluro has announced that it has appointed two new Non-Executive Directors to its board. David Kenmir joins the board as Chair. Having spent more than a decade at the Financial Services Authority – the precursor to the FCA – including five years as a member of its board, Executive Committee and Regulatory Policy…
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Community lender Salad has announced that it has appointed Craig Pennington as Chief Strategy Officer. Pennington joins Salad from Fair4All Finance where he was responsible for managing investments and partnering with mainstream finance with the aim of attracting investment capital to community finance providers. Salad is a community development finance institution (CDFI) which serves full-time workers…
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Insurance finance specialist, Premium Credit, has announced that it has appointed Alan Scott as Director of Partner Relationships. Scott will lead the Broker Account Management teams across the commercial insurance market in the UK, reporting into Owen Thomas, Chief Sales Officer. He joins Premium Credit having held senior positions at AXA UK and RSA. Owen…
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Santander UK has announced that it will acquire TSB from Banco Sabadell in a £2.9 billion deal. The all-cash takeover values TSB at five times its projected 2026 net income. The acquisition will add five million customers, £34 billion in mortgages, and £35 billion in deposits to Santander’s portfolio, resulting in a combined customer base of…
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Barclays UK has announced that it has appointed Roland McCormack as its Head of Mortgage Intermediaries. The newly created role is a senior leadership position that reflects the bank’s broker-first approach and its continued commitment to the intermediary market. As Head of Mortgage Intermediaries, McCormack will be responsible for leading Barclays’ intermediary channel strategy, delivering…
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Tandem Bank has announced that it has appointed Neil Chandler as its new Chief Executive Officer (CEO), subject to regulatory approvals. Chandler brings a wealth of leadership, banking and tech experience to Tandem, spending more than 30 years in senior banking, eCommerce, retailer finance and technology roles. He most recently served as CEO of digital…
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Social lender Fair for You has announced the appointment of Kumaran Adithyan as a Non-Executive Board Director. Adithyan is currently General Manager, Global Electronics and Home at online marketplace and commerce platform eBay. He has been at eBay since 2017, and previously worked at Walgreens Boots Alliance, the owner of health and beauty retailer Boots.…
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The Financial Conduct Authority (FCA) has announced that it has appointed Sarah Pritchard as its Deputy Chief Executive to manage growing remit, support growth and drive reform The new role has been created to reflect the FCA’s expanding remit, with the integration of the Payment Systems Regulator, regulation of stablecoin and crypto firms as well…
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NatWest Group has announced the appointment of Solange Chamberlain as the CEO of its Retail Bank, effective on 1st July, subject to regulatory approval. Chamberlain will report directly to the Chief Executive Officer, Paul Thwaite, and be a member of the Executive Committee of NatWest Holdings. Chamberlain joined NatWest in 2019 and has held a number…
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Furness Building Society has announced that it has promoted Simon Broadley from Chief Commercial Officer (CCO) to Chief Executive Officer (CEO). Broadley was appointed as CCO in 2022 with a remit to oversee and manage the society’s commercial operations. He has more than 20 years of experience in the financial services sector, predominantly in the…
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Afin Bank, the specialist lender created to help underserved Africans and other diaspora communities living and working in the UK to get mortgages, has announced that it has appointed Peter Hale as Head of Finance. Hale was previously Head of Finance at FCMB Bank UK, part of a Nigerian based banking group, a part of…
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UK Finance has announced that Bob Wigley has been re-appointed as Chair of the board for a further term of three years up until February 2029. Wigley has been the Chair since UK Finance’s inception. UK Finance says that the board has recognised Wigley’s significant contribution to the organisation’s success as an influential voice for…
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