Redwood Bank, the buy to let lender, has appointed Mark Winlow as chairman. In his new role at the challenger bank for SMEs, he will oversee and support the next level of growth.
Mark joins with a wealth of experience in the industry, in both chairman and NED roles. He had worked at various firms, including Ageas UK, Wellsley Group Investors and Transatlantic Reinsurance Company.
Mark Winlow said: “I am delighted to join Redwood Bank as it continues to grow and support the very best of Britain’s SMEs.
“It’s clear that the strategy behind achieving profitability has been based on having a clear vision, together with thorough planning.
“This will continue, as will our measured growth and a hands-on, traditionally tailored approach to customer service.”
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Earlier this month, Redwood Bank announced that is is now profitable on a monthly basis. In total, it has attracted deposits of over £400m and loaned over £400m to small and medium sized enterprises within the UK.