Searle will replace Alex Upton, who Mortgage Solutions revealed this week will take on the role of sales director, (mortgages) at Masthaven.
Searle has been with Castle Trust since 2014 and the lender said he had been instrumental in the growth of the company, especially within the mortgage division – holding the largest underwriting mandate and with overall responsibility for operations.
He has more than 20 years’ experience within financial services in building and managing mortgage and savings operations.
This includes senior roles at various institutions including Legal and General’s mortgage division and GMAC RFC.
The lender has also appointed Stuart Sykes to take up the role of operations director.
Sykes joins from short-term lender MyJar, where he has been group customer operations director for the last four years.
He has previously held roles at ICICI Bank, RBS and Lloyds Banking Group.
Chief executive officer Martin Bischoff, whose appointment was announced last week, said: “As the company’s COO, Barry is already very familiar with both the industry and the aims of the business and was a natural choice to fill the role.
“He has contributed enormously to the success of the business so far and will be a pivotal part of our transition to become a bank.
“Stuart has extensive experience in the lending environment, particularly in consumer finance. We are delighted that he has chosen to join us as we move into Castle Trust’s next phase,” he added.