Stuart Kelly is promoted to Director of Lending at Shawbrook

13 March 2014

Shawbrook Bank has announced the promotion of Stuart Kelly to Director of Lending at Shawbrook Bank’s Commercial Mortgages division. Stuart now has overall responsibility for the lending activity of the business, including both credit and operational matters. Stuart was previously Head of Lending and Credit at the bank.

Stuart’s promotion is in recognition of the increased responsibility he has assumed since the bank launched in 2011. Since the beginning, Stuart has set the credit appetite for the bank and he recently reviewed and redrafted the short term loan credit policy guidelines. In his team he has grown the number of mandated lending managers from three to fifteen, all the while ensuring that strong communication with brokers is a key part of the team’s culture. Importantly, Stuart has played a key role maintaining the excellent health of the bank’s loan performance thus far.

Stuart Kelly commented on his promotion:
“I’m immensely proud to be taking on this important role and look forward to working even more closely with my colleagues in the lending team in the coming months. We are constantly striving to provide an excellent service to our intermediaries as well as lending prudently and I couldn’t ask for a harder working team to help achieve those goals.”

Stephen Johnson, Managing Director, Commercial Mortgages, Shawbrook Bank said:
“This is very much deserved recognition for the increased responsibility and work Stuart has taken on as the Commercial Mortgages business has grown so rapidly. The year has already had a strong start and we look forward to this continuing in 2014 under Stuart’s leadership.”

For further information please visit www.shawbrook.co.uk

-Ends-

For further press information and interviews with Shawbrook spokespeople please contact:
• Georgina Miller on 020 7812 0606 / Georgina@standagency.com or Molly Stein Davies on 020 7812 0606 / molly@standagency.com

Notes to editors:

About Shawbrook Bank:
• Shawbrook Bank is a specialist savings and lending bank which launched in October 2011
• Shawbrook Bank has combined the savings and lending expertise of three financial businesses – Whiteaway Laidlaw Bank (WLB), Link Loans and the lending platform of Commercial First. Link Loans and the lending platform of Commercial First became part of WLB in August 2011 and March 2011 respectively
• Shawbrook acquired Singers Asset Finance in March 2012 to extend its lending offer to SMEs
• For business customers, Shawbrook offers loans secured on property, asset finance and savings products
• For personal customers, Shawbrook offers savings products, secured loans and home improvement loans
• Shawbrook also offers a savings account for charities and trusts
• Visit www.shawbrook.co.uk and find us on Twitter @ShawbrookBank

This press release is for professional intermediaries only and should not be passed to potential clients

Find: Stand Agency, 175-185 Gray's Inn Road, London WC1X 8UE
Call: +44 (0)207 812 0606
Email: catherine@standagency.com
Follow: @standsays
Watch: Stand Agency – who we are