Fleet Mortgages has made a series of changes and promotions to its senior management team.
The buy-to-let specialist lender says that chief financial officer Sunny Lo retires in December, having been part of the original team that launched the business in 2014. He also worked with the core management team at their previous business CHL Mortgages, where he worked for 14 years.
Lo will be replaced by Nicola Richardson, who is currently the firm’s finance director after joining the company eight years ago.
The firm also announces two director level promotions.
Head of human resources Kim Beaven becomes human resources & facilities director, and also joined the business at its 2014 launch.
And Diane Mitchell moves from head of credit to credit director and is another member of staff who has been with the lender since launch.
Also, the business says it has hit £2bn of assets under management for the first time, and last month relaunched its entire product range including 80% LTV products.
In July, the firm was bought by digital lender Starling Bank for £50m in cash and shares.
Fleet Mortgages senior executive officer Bob Young says: “Having worked with Sunny for over two decades, it’s somehow hard to believe he will be retiring next month, but he has been a huge part of what we’ve been able to achieve at Fleet, and the entire team here wish him a wonderful and long retirement.
“So, as we say goodbye to Sunny, Nicola becomes our chief financial officer, and both Kim and Diane become directors of the business.
“Finally, just recently we hit the £2bn assets under management landmark – since launch we have obviously lent significantly more than this but it is the first time we have reached this figure.
“November 2022 is the first full month Fleet has originated business for our new funder, Starling Bank, and it looks likely it will be our record month for lending.”