Hampshire Trust would not confirm whether Bell’s move was planned or who made the decision, however it noted in a statement that it was “refreshing its strategy in relation to the commercial mortgages division”.
The bank confirmed that CEO Mark Sismey-Durrant will be taking over the commercial mortgages business while in time a new leader will be appointed to run this business.
Sismey-Durrant added: “Colin has been instrumental in the formative stages of our commercial mortgage business over the past 18 months.
“We are very grateful for the work he has done in establishing an important business line for the bank.
“We remain committed to delivering services to our brokers and customers as we build this business in the future.”