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Stuart Burke has become the Challenger Bank’s Head of Credit & Underwriting, after moving across from Barclays Private Bank, where he was in charge of the UK Risk Sanctioning unit.
Stuart Burke, Head of Credit & Underwriting
Prior to that role, he was Head of Credit Risk Management at Credit Suisse UK, where he was instrumental in setting up major regulatory projects, such as MMR and EU MCD. Stuart also had a key role in writing credit policies as chair of the Bank’s Credit Committee.
The 55-year-old has also held positions at the Union Bank of Switzerland (UBS), the Royal Bank of Canada, Coutts and Midland Bank.
Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said:
"We were very impressed with Stuart's proven track record in delivering strong results across credit and underwriting, and in particular in respect of regulatory and strategic projects. We continue to invest strongly in our credit and risk teams as we develop and grow, and we will only employ the very best, top quality performers. "
Stuart is one of several recruitments Redwood Bank has announced in recent months. The Bank continued to employ new members of staff, despite the Covid-19 lockdown, opting to conduct interviews via virtual appointments and introducing the required technology into each new employee’s home, as required.
Redwood Bank celebrated its third anniversary in the late summer. Since then, it has succeeded in winning the Most Innovative Lender award category at the first virtual National Association of Commercial Finance Brokers (NACFB) awards ceremony which took place in November, in doing so beating both Barclays and Lloyds, two of the country’s largest high street banks
For further information about Redwood visit www.redwoodbank.co.uk.
Notes to editors
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For further details contact Laura Pearce at Strand PR on laura@strand-pr.co.uk or 01763 274674 / 07903 106405.
Redwood Bank was launched in August 2017, becoming Britain’s newest business bank for SMEs and completing its ‘mobilisation’ phase just over four months after securing its initial banking licence in April 2017. Redwood Bank offers secured SME mortgages for business owners, as well as for experienced commercial and residential property investors. It delivers fast and efficient mortgage decisions to help its business customers seize property opportunities and also offers competitive business savings accounts. Redwood Bank was founded by Jonathan Rowland and Gary Wilkinson. It has a unique private-public ownership structure in which Warrington Borough Council has a one-third stake.