A Letchworth based challenger bank has bolstered its Lending and Credit teams with the hiring of five new specialists, as part of its need to satisfy continued and increased demand from business customers.

Redwood Bank, launched in August 2017, has seen huge growth since launch and is marking its first year in business with a wave of new arrivals, bringing the total number of its employees to over 50.

The newest recruits into the Lending and Credit teams have almost 50 years of combined banking sector experience between them and have all worked for a number of household, industry names.

Nicola Blakehas joined as Business Development Officer for the South & East region. Previously at Barclays, Nicola has more than 20 years’ experience within the banking and lending industry. Nicola is a specialist in SME lending and relationship management.

The head office-based credit team has also welcomed three new Credit Operations Officers, who will support customer loan approvals and ensure Redwood Bank customers receive fast decisions and timely loan drawdowns:

Andrew Dohertyhas joined from the Financial Ombudsman Service, where he oversaw complex lending cases for five years.

Carly Nutkinshas more than 10 years of experience in banking. She has worked across a number of areas within the RBS group and NatWest and for the past seven years Carly has been a key member of the commercial lending team at Coutts and Co, where she was a Lending Associate.

Athan Polydorosboasts 10 years of experience within the banking industry, specialising in loan operations. Athan joins from Tesco Plc, where he was a Credit Officer in their property team. Athan holds a degree in Economics and a Master of Business Administration. 

Meanwhile, Tom Worbey has joined the Commercial team to support the growth in the lending. Tom has recently graduated with a degree in Economic History and was drawn to Redwood Bank by the role it plays in the SME market.

The Chief Executive Officer and Co-Founder of Redwood Bank, Gary Wilkinson, said: “I’m absolutely delighted with our new recruits and can’t wait to see them play a key part in our development in the months and years ahead. They bring with them a wealth of experience, a palpable enthusiasm for the growth of Redwood Bank and a desire to make a real difference for our customers.

“We’re looking forward to embedding them all within the Redwood Bank family. As we approach our first year of trading, I’m proud of what we’ve achieved and I’m confident all five new staff members will be pivotal in helping the achievement of our ambitions for the year ahead and beyond.”

Redwood Bankwas launched in August 2017, becoming Britain’s newest challenger bank for small to medium sized businesses.

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

For further information, visit www.redwoodbank.co.uk