Together recruits PRA adviser to non-exec board

The firm has also separated its retail and commercial activities under a new corporate governance and made two new appointments to the leadership team.

Baxter said: “The business has been successfully nurtured over many years, underpinned by real drive coupled with real common sense. These qualities will stand Together in good stead as it moves into its next phase of development and I am delighted to be joining at this time.”

Wayne Bowser who has joined from HSBC, where he was deputy head of commercial banking, takes up the role of group non-executive director and chairman of the audit committee.

Browser has held non-executive directorships at various firms across the housebuilding, motor dealership and investment industries.

He said: “Together operates in a different marketplace to the mainstream lenders and the alternative finance sector is really booming in the current economic climate. The company’s strong financial position and extensive product offering, combined with robust market demand place it firmly at the forefront of this high-growth industry.”

David Bennett, who previously chaired the audit committee, is now chairman of the retail division.

In addition, Nigel Dale, previously a partner at Eversheds, was recently announced as general counsel and joined the group this month.