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Soon-to-launch mortgage lender poaches senior Bank of England figure

by: Samantha Partington
  • 07/04/2015
  • 0
Soon-to-launch mortgage lender poaches senior Bank of England figure
Recently formed challenger bank and specialist mortgage lender Bank and Clients, launched by investment firm Ocean Capital in December, is reported to have poached a senior Bank of England figure to be its first chief of finance and operations.

Sky News has learned that Nicole Coll, chief financial accountant at the Bank since 2013, will join Bank and Clients (B and C) to help it achieve its strategy of targeting small, niche markets to offer savings, loans and mortgages. 

In December, Ocean Capital Group bought Church House Trust, a regional private bank based in Yeovil, from Virgin Money. Following the purchase the combined group has renamed to become B and C.

Its website states that B and C intends to use its expertise in providing mortgages for properties with non-standard features. It will serve professionals such as doctors, lawyers and farmers whose livelihoods depend on their homes. B and C’s strategy is to work with borrowers whose needs cannot be met through a ‘commoditised approach’ to mortgages. The range is currently under development and there are plans to engage with the intermediary market.

Coll has held her position at the Bank since June 2013 and according to her Linkedin profile worked for Societe Generale in senior financial control and operations roles between May 2005 and May 2012.

B and C confirmed Coll is due to start at the bank.

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