As part of the role, he will continue to play a crucial role in overseeing its diaspora mortgage offering, aimed at foreign nationals working in the UK.
The firm launched its HNW proposition last year, and Malgwi has driven the development of this proposition for “asset-rich, income-light” borrowers.
It allows borrowers to include assets like pensions, investments, shares, real estate holdings, fine art and classic cars in their affordability assessment.
Malgwi (pictured) has been with Afin Bank since July, joining as business development director. Before that, he was at Arbuthnot Latham & Co for around seven years.
Before that, he worked at Aldermore for around three years, initially on the risk advisory committee and then as assistant relationship manager.
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Malgwi said: “The response to the Afin HNW mortgage has been incredible because it gives borrowers more scope in assessing their affordability, which usually isn’t possible via mainstream lenders. It is also more accessible because we work with brokers and wealth advisers, so it is not just the preserve of private banks.
“I am also delighted to continue to help to drive the awareness of our mortgages for diaspora communities. These are people, such as health workers and other professionals, that are crucial to our society and should be given the chance to buy their own homes.”
Jason Oakley, CEO of Afin Bank, added: “The contribution Tippie has made to Afin Bank in such a short time, particularly in helping us build our diaspora and HNW propositions, has been exceptional, so I am delighted that he is taking on this new role.
“He brings a unique combination of mortgage knowledge and understanding of customer needs, which means he can have a very technical conversation with advisers about their HNW clients, just as easily as he can talk directly about the importance of homeownership with people in diaspora communities.”
