Redwood Bank has appointed Stuart Davidson as the new chief business officer.
Davidson joined Redwood in 2018, with over 35 years of financial services experience just a few months after its launch. He held senior positions for two decades at the Lloyds Banking Group and then took on roles at many Challenger Banks. At Redwood, he was recently Director of Products and Strategy.
As CCO, Davidson will lead efforts to expand professional banks’ loan books and develop their overall product proposition.
He takes on the CCO role when professional landlords seek lenders seek guarantors to expand and diversify their portfolios, while commercial savers are browsing the rate changes.
Davidson commented: “The past few years of regulation, economic instability and frequent changes in base interest rates.
“These factors make planning across the industry more difficult, especially for commercial banks. However, they also enhance the importance of agility, strong partnerships and maintaining the needs of brokers and clients.”
