Andrew Gray has been appointed as a non-executive director and brings more than 30 years’ experience in the UK banking industry.

He was previously managing director of mortgages at Barclays, deputy chairman of the Council of Mortgage Lenders and a member of the executive committee. Gray will be tasked to challenge and assist in the development of the bank’s future strategy and proposition.

Lord Carrington of Fulham and Mohamad Al-Tahawy have resigned from the board and Fahed Boodai has resumed his role as chairman of the bank, having completed the handover of the interim CEO role to the new CEO, Charles Haresnape (pictured), who was appointed in May 2017.

Haresnape joined from specialist lender Aldemore where he was the managing director for six years. Prior to that he worked as group mortgage services director at Connells after spending nine years at Royal Bank of Scotland as director of mortgage sales.

Haresnape commented: “With these changes, we believe the bank’s board has the appropriate balance of skills and experience that will be key for its next stage of development.”

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Chairman Boodai added: “I welcome these changes and take this opportunity to extend my sincere gratitude to the departing directors, all of whom served the bank from its early years and helped to position it to deliver continued success in the future.”