"We are going to be re-launching our development and refurbishment products - combining low cost of funding with a five star service"
James was previously CEO at specialist development finance operator Regentsmead Group, where he created the Short-Term Lending department.
The appointment confirms that Masthaven Bank will create a specialist Development Finance division as part of its lending strategy to deliver tailored products to underserved markets, when it fully launches later this year.
Following receipt of its full banking licence in May, Masthaven Bank has already confirmed it will offer a range of online fixed-interest savings products that people can tailor to meet their savings goals and that it will continue to offer specialist second charge mortgages via its intermediary partners.
Jon Hall, Managing Director of Masthaven Bank, said: “It is a very exciting time for Masthaven Bank as we set to launch as a retail bank. Our opportunity comes from creating products focused on individuals’ needs that are delivered brilliantly. We are delighted to have attracted James, as one of the best known players in this marketplace, and to have persuaded him to join our exceptional, and growing, leadership team.”
James added: “After nearly 29 years at Regentsmead it would have taken something incredibly exciting for me to leave. I could see this was the very special business which I would be delighted to join. We are going to be re-launching our development and refurbishment products - combining low cost of funding with a five star service to create a market-leading proposition.”
