Vida Bank, a UK-based specialist mortgage bank, has appointed Stuart Sinclair as its new chair, subject to regulatory approval.
Sinclair will succeed Steve Haggerty, who has served as chair for nine years.
He will remain on the Board as a non-executive director until September 2025 to ensure a smooth transition.
Sinclair brings a distinguished track record of leadership in financial services, having held senior roles across banking, insurance, and consulting.
His previous roles include CEO of Tesco Bank, CEO of GE Capital UK’s consumer businesses, and director of UK retail banking at RBS.
He currently serves as chair of International Personal Finance and Willis Ltd, and has held board positions at LV, TSB, Lloyds Banking Group, and Schroders Personal Wealth.
Sinclair said: “I’m delighted to join Vida Bank at such a pivotal moment in its journey.
“The granting of its banking licence marks the beginning of an exciting period of growth and opportunity.
“With its strong funding base, talented team, and commitment to delivering innovative solutions in the specialist mortgage market, Vida is well-positioned to make a significant impact.
Sinclair added: “At a time when a chronic lack of housing supply continues to drive up prices and strain affordability, Vida’s role is more important than ever.
“I look forward to working with Anth, the Board, Pine Brook, and new investors to help the business flourish in this next chapter.”
Haggerty said: “It has been an incredible journey over the past 9 years, and incredibly satisfying to serve as the first Chair of Vida Bank.
“I am immensely proud of what the team has accomplished in recent years and confident that the platform we have built will go on to deliver real growth and success in the future.
“I am fully confident that Stuart is the perfect person to take Vida on the next phase of its journey and I look forward to supporting the transition and watching the business thrive in the years ahead.”
Anth Mooney, CEO at Vida Bank, said: “Opportunities to recruit someone of Stuart’s calibre and experience are rare.
“His extensive experience in leading some very well recognised financial institutions, combined with his deep understanding of the market, makes him the ideal person to guide Vida Bank as we look to scale the business.
Mooney added: “I’d also like to take this opportunity to thank Steve Haggerty for his exceptional leadership over the past nine years.
“Steve’s dedication and thoughtful guidance has been instrumental in building Vida’s strong foundation and ultimately securing our approval to operate as a bank.”
