The executive team for an award-winning Challenger Bank has been bolstered with two major promotions, which will help it stay “ahead of the game”.

Redwood Bank has promoted Leon Marklew as Director of Business Development, making him accountable for influencing, implementing, managing and driving the Bank’s lending business forward.

Leon was employed by Redwood last year as Director of Strategy, Products and Marketing. Prior to landing that role he had successfully led several high-performing business development teams across multinational financial services organisations, delivering growth ambitions, change programmes and a proven track record of enhancing customer experiences.

Stuart Davidson has also secured a new internal role with Redwood as Director of Products and Strategy. He has been with the team since February 2018 and will continue to shape the direction of the Bank’s lending and deposit products. His role will also encompass all elements of strategy, ensuring Redwood’s products and services meet customer requirements and growth ambitions.

Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said: “Since coming on board both Leon and Stuart have made a significant impact on the business and our approach to growth. They have both proven their dedication and loyalty as well as impressing us with their innovative approach to Redwood, which made promoting them a very easy decision to make.

“Leon’s experience prior to joining Redwood will continue to be important in driving and achieving the Bank’s lending goals for 2020 and beyond. As for Stuart, we’re confident his impressive product management skills will ensure we stay ahead of the game when it comes to implementing new products, managing existing customer offers and helping Redwood go from strength-to-strength.”

Redwood Bank is the UK’s first business challenger bank to be completely born in the cloud.

Last year it was tipped as ‘one to watch’ in the Best Challenger Bank category at the Growth Finance Awards and the Bank were double award winners at theSavings Champion Awards, picking up the Best Business Account Providerand Best Charity Notice Account Provider.

Redwood Bank’s products include individually assessed mortgages for business owners and professional landlords as well as a range of Best Buy savings accounts offered to businesses, charities, clubs and associations.

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