Redwood Bank appoints new Chief Commercial Officer

Specialist business bank Redwood has announced the appointment of Stuart Davidson as its new Chief Commercial Officer (CCO), to further bolster the Bank’s savings and lending proposition for future growth.

Davidson, who joined Redwood in early 2018, just months after its launch, has more than 35 years of financial services experience. He spent two decades in senior roles at Lloyds Banking Group before holding roles across a number of challenger banks. At Redwood, he has held a series of key positions, most recently Director of Products and Strategy. His promotion to CCO reflects his pivotal role in shaping the Bank’s strategy and leading the customer and broker experience that supports the growth of the Bank’s SME customers. As CCO, Davidson will lead efforts to expand the Bank’s lending book and evolve its overall product proposition.

Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said “Stuart has been integral to our success since joining the Bank in its infancy. He understands the strategic and operational levers needed to drive growth. His promotion reflects his vision, experience and deep commitment to our customers and brokers.

“I have every confidence he will thrive in this new role and continue to demonstrate the required strategic insight and leadership that have been instrumental in Redwood’s success.”