Redwood Bank strengthens leadership with new CCO
A specialist business bank has announced the appointment of Stuart Davidson as its new chief commercialofficer, to further bolster the Bank’s savings and lending proposition for future growth.
Stuart, who joined Redwood in early 2018, just months after its launch, has more than 35 years’ 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.
His promotion to CCO reflects his pivotal role in shaping the Bank’s strategy and leading the customer and broker experience that supports the growth of the Bank’s SME customers. As CCO, Stuart will lead efforts to expand the Bank’s lending book and evolve its overall product proposition.
Stuart assumes the role at a time when professional landlords are seeking surety from lenders to expand and diversify portfolios and business savers are navigating changes in interest rates.
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. “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.”