Redwood Bank has appointed Stuart Davidson (pictured) as chief commercial officer (CCO), to further bolster the bank’s savings and lending proposition.
Davidson, who joined Redwood in early 2018, just months after its launch, has more than 35 years of financial services experience.
He spent two decades in senior roles at Lloyds Banking Group before holding roles across a number of challenger banks.
At Redwood, he has held a series of key positions, most recently director of products and strategy.
As CCO, Davidson will lead efforts to expand the Bank’s lending book and evolve its overall product proposition.
He said: “The past few years have been marked by changes in regulation, economic instability and frequent base rate changes.
“These factors have made planning more difficult across the sector, particularly for business banks. But they’ve also reinforced the importance of agility, strong partnerships and staying close to the needs of our brokers and customers.”
He added that Redwood’s, case-by-case approach to lending is a key differentiator in an increasingly competitive market.
He said: “We’ve built a reputation for personal service and pragmatic decision-making – we’re committed to retaining that as we grow.”
Gary Wilkinson, CEO and co-founder of Redwood Bank, said: “Stuart has been integral to our success since joining the Bank in its infancy. He understands the strategic and operational levers needed to drive growth.
“His promotion reflects his vision, experience and deep commitment to our customers and brokers.
“I have every confidence he will thrive in this new role and continue to demonstrate the required strategic insight and leadership that have been instrumental in Redwood’s success.”
