Shawbrook Bank CEO steps down



Shawbrook Bank, a specialist savings and lending bank, today announces that Owen Woodley has decided to step down as CEO. Mr Woodley will be in office until Friday 27th April 2012. The role of CEO will be filled on an interim basis by Philip George, currently joint Managing Director of Shawbrook Bank.

Philip George was instrumental in launching Shawbrook Bank in October 2011 from three existing financial businesses – Whiteaway Laidlaw Bank (WLB), Link Loans and the lending platform of Commercial First. In March 2012 Shawbrook acquired Singers Asset Finance to extend its lending offer to SMEs.

Shawbrook has grown its loan book to £550 million and its deposit book to over £650 million since its launch in 2011, and the bank is in a strong position for future growth.

Under new leadership Shawbrook will continue to grow substantially and capitalise on the excellent opportunities that exist in the UK banking market.