Redwood Bank appoints new CFO

Redwood Bank has announced it has appointed Sergio Cruz as Chief Financial Officer (CFO)

Cruz joined Redwood in 2018 as Head of Risk, before moving to Director of Risk, Director of Treasury, Chief Treasury and Strategy Officer and ALM, before becoming Deputy CFO. He had previously worked at PWC, One Savings Bank and Amicus Finance.

Cruz replaced Ashraf Piranie. Piranie announced his intention to retire almost a year ago and left the Bank at the end of March.

CEO and Co-founder Gary Wilkinson said: “Sergio’s appointment is a testament to his outstanding contribution to Redwood over the past seven years. He has grown with the Bank, playing a key role in shaping our strategy, strengthening our treasury and finance functions, and helping us deliver on our ambitious growth plans.

“He embodies the values and culture we are so proud of at Redwood – collaborative, forward-thinking and customer-focused. I have every confidence in his ability to lead our finance team and support the next stage of our journey. I would also like to thank Ashraf Piranie for his valuable support and service and for managing such a smooth and thoughtful transition.”