"Fleet is everything we said it would be and I feel I’ve accomplished everything I set out to do when establishing Fleet back in 2014."
In his career, Bob held roles with Black Horse, Abbey National and as a business consultant, before joining CHL Mortgages as sales and marketing director in 1997, taking over as managing director in 2004.
Bob and his management team launched Fleet Mortgages in 2014 and it now has over £2 billion in mortgages under management.
Bob will be replaced by Mike Lane, who is is currently chief operating officer. He has also been with Fleet Mortgages since November 2014 and was part of the senior management team at their previous lender.
Mike has over 30 years’ experience in both retail and financial companies with wide financial services experience acquired in various cross-company Operational, Change Management and IT roles.
Bob Young commented: “All good things come to an end, and this seems the right time to announce my retirement and to hand over to Mike and the management team to build on what we’ve all achieved over the last seven or so years. It has been some journey.
“It will undoubtedly be business as usual at Fleet under Mike’s leadership and with, what I believe, is the best senior management team in the market. With the support of Starling behind us, the future looks incredibly bright.
“Given our acquisition by Starling last year, it feels like Fleet is embarking on its next phase. Phase one of developing Fleet was all about getting a new lender off the ground, establishing our credibility and building a business which could be trusted by our intermediary partners and their clients.
“I believe we’ve achieved that in spades, and our excellent performance in 2021 is testament to that, as is our start to this year. In my opinion, Fleet is everything we said it would be and I feel I’ve accomplished everything I set out to do when establishing Fleet back in 2014.
“This is a business and team I am incredibly proud of; the quality of our proposition, our service levels, and everything about it is something I hoped we could deliver, and to see it come to fruition and to firmly establish itself for the future, is wonderful.
“Lending has been my working life for over 25 years and with Fleet in the safest of hands, I am looking forward to enjoying a long and happy retirement knowing full well this is a business which will go on to bigger and better things.”
