Shawbrook Bank appoints new CEO to continue successful growth strategy

02 April 2014

Leading specialist bank Shawbrook is announcing that Ian Henderson has resigned from his position as CEO and has been succeeded by Richard Pyman, previously Managing Director of Shawbrook Asset Finance. Shawbrook remains focused on building a sustainable future for the industry, and looks forward to improving its offering throughout 2014 and beyond.

Please find below the statements from Sir George Mathewson, Chairman of Shawbrook Bank and Richard Pyman.

Best,

Georgina

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Sir George Mathewson, Chairman of Shawbrook Bank, said:

“Richard’s appointment as Shawbrook’s new CEO was the natural choice following Ian Henderson’s resignation. Richard possesses the essential experience of building a sustainable business based on customer satisfaction and has played a leading role in Shawbrook’s continued evolution. His appointment and leadership will allow us to move forward on our development strategy to position Shawbrook for the next phase of growth.

“Over the past two years the bank has continued to grow its share of the savings and lending markets, including the acquisition of Singers Asset Finance in March 2012 where Richard had been Managing Director since 2005. As we approach our third anniversary we remain committed to lending to SMEs and individuals based on sensible decision making, as well as offering competitive savings products and an excellent customer service, providing a real and viable alternative to the high street banks. We wish Ian the very best for the future and thank him for the contribution he has made during his time at Shawbrook.”

Richard Pyman said:

“We are all appreciative of the contribution made by Ian. Since joining Shawbrook in March 2012 I have been excited by the growth and potential that Shawbrook has to offer. It is a dynamic environment with strong and dedicated staff and management. I look forward to leading the bank through its next phase of development and beyond.”

Notes to editors:

About Shawbrook Bank:

Shawbrook Bank was formed in 2011 by combining the savings and lending expertise of three financial businesses – Whiteaway Laidlaw Bank (WLB), the lending platform of Commercial First, and Link Loans. In March 2012 Shawbrook acquired Singers Asset Finance to extend its lending offer to SMEs.
For business customers, Shawbrook offers commercial mortgages, asset finance and savings products
For personal customers, Shawbrook offers a range of competitive savings products, secured loans and unsecured home improvement loans
Shawbrook also offers a savings account for charities and trusts
In May 2012 Shawbrook broke even after less than 16 months of trading and went on to secure profit for each subsequent month of the year. In May 2013 Shawbrook announced an underlying second year profit of £2.6m
Visit www.shawbrook.co.uk and follow us on Twitter @ShawbrookBank

Richard Pyman

Richard Pyman has led Shawbrook Asset Finance (formerly Singers Asset Finance) (“SAF”) since 2005. The business was acquired by Shawbrook Bank in 2012 and renamed Shawbrook Asset Finance.

Richard previously held positions on the banking side of Singer & Friedlander between 1991 and 2004 before taking on the leadership of SAF in 2005. Richard is also a non-Executive Director of Arkle Finance and Weatherbys Bank.

Richard holds an M.A. in Modern and Medieval Languages from Cambridge University and an MBA from City University Business School.

Contacts:

Fiona Cornes, Head of Communications, Shawbrook Bank Tel: 01277 897483

Georgina Miller, Stand Agency Tel: 0207 812 0606

Find: Stand Agency, 175-185 Gray's Inn Road, London WC1X 8UE
Call: +44 (0)207 812 0606 or +44 (0) 7969 802 382
Email: georgina@standagency.com
Follow: @standsays

www.standagency.com