The high net worth (HNW) specialist for prime residential London and UK Home Counties aims to significantly expand its business in the prime mortgage market.
Butterfield said the four are expected to create an immediate impact, increasing the lender’s book of mortgages, primarily through specialist mortgage brokers and other intermediaries.
Ralph Punter has been appointed as senior manager intermediary sales, and will manage activities to drive intermediary business development. He has previously held similar roles at Harrods Bank and Virgin Money.
Christopher Watts and Amar Mashru have also both joined from Harrods Bank to act as business development managers. They each have over 10 years’ experience in the financial services sector with a particular focus on HNW residential mortgage lending.
Kevin Turmore has been appointed to integrate the new team. He brings change-management and business development experience and previously held a variety of roles including group chief executive officer of Arlo Associates, head of UK financial services practice at Alexander Proudfoot Consulting and other leadership roles at banks including Unity Trust, Bank of Ireland, Lloyds, TSB and RBS.
Alpa Bhakta, managing director of Butterfield Mortgages (BML), said: “We have brought these experienced professionals on board to expand our presence in the market for HNWI mortgages.
“The addition of Ralph, Christopher, Amar and Kevin to the team will enhance our capabilities to enable us to reach the widest section of the market since the launch of BML.”