Aldermore, the specialist finance lender, has a new CEO. Steven Cooper has stepped into the role following the retirement of Phillip Monks OBE, who founded the bank back in 2009,
Cooper graduated from Harvard Business School and has a wealth of experience in the banking sector, having previously held roles such as CEO of UK private bank C.Hoare & Co, CEO of the Personal Banking Business across the UK and Europe and CEO of Barclaycard Business Solutions.
Currently, Cooper sits on several advisory boards; he is joint chair of the Cabinet Office-sponsored Social Mobility Commission, chairman of Experian UK, and a non-executive director at Robert Walters PLC.
Steven Cooper said: “Under the leadership of Phillip Monks, Aldermore has gone from a vision to a substantial business in just a short period of time.
“The Board and shareholders are committed to achieving a similar growth trajectory over the next few years, whilst maintaining the business purpose and its strong values. I am delighted to be leading this exciting new chapter in the evolution of Aldermore.”
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Aldermore recently published results from a survey of prospective homeowners, show only 19% of first-time buyers were successful on their first attempt to get a mortgage in the last year, with 43% experiencing multiple rejections.