When Hale first joined Afin Bank, he was part of the team that helped to launch the bank in July. His new role will require him to develop and deliver its strategic and financial plans, as well as financial and balance sheet management.
Hale (pictured) said: “It has been a hugely exciting period for Afin, going from launch last year to now actively helping more borrowers to get a mortgage and offering savings accounts to help customers grow their money.
“Working in a start-up bank can bring challenges, but I really enjoy being part of a fast-paced business and making a difference day to day. I am delighted to take on this new role and look forward to working with everyone in Afin as we continue to grow the business in the years ahead.”
Charles Resnick, CFO at Afin Bank, said: “Peter has made a massive impact since he joined Afin and is a vital part of the financial team. Peter’s knowledge and experience of banking and regulation has been of great assistance.
“He has built a solid finance team and infrastructure required for our period of growth, together with supporting on key deliverables required for a new and growing bank. This promotion is recognition of all the incredible hard work and dedication shown since joining and the important role he will play in the future of the bank.”
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Afin Bank launched last year, nine months after receiving its banking licence Authorisation with Restrictions (AwR), to support under-served borrowers such as foreign nationals, the self-employed, people with non-standard incomes and high-net-worth borrowers.
It offers residential, buy-to-let (BTL) and regulated bridging loans, with further mortgage and savings products in the pipeline.
