Bevan Money, the lender due to launch later this year, has appointed Brian Brodie as chief executive.
The business, which has “a clear focus on the housing needs” of the UK’s 5.9 million public sector workers, submitted its application for a banking licence last May and plans to provide mortgages funded by retail deposits.
Brodie joins the firm from Freedom Finance, where he worked for eight years as group chief executive and most recently as chair.
He has also worked as a senior advisor at Pollen Street Capital and held director roles at Virgin Money, Royal Bank of Scotland, Bank of Scotland and estate management business HML.
The lender adds that Mel Lane, who has helped develop the business, takes on the role of deputy chief executive.
The firm says that it “plans to become a bank raising retail deposits to fund its highly focused mortgage lending criteria.
“Bevan will distribute mortgages exclusively through the intermediary channel, adding valuable product diversity and choice to brokers and helping them to convert more applications into completions.”
Bevan Money deputy chief executive and chief customer experience officer Lane says: “What we need at Bevan now is a highly experienced, knowledgeable chief executive to lead us forward into full authorisation, launch and profitability and I’m delighted to confirm that our board has selected Brian Brodie to be Bevan’s chief executive.”
Bevan Money chief executive Brodie adds: “Our focus will always be on supporting public sector employees who want to get on the housing ladder or who want a more fulfilling retirement.
“We all stood on our doorsteps and applauded our key workers during covid and at Bevan we are determined to convert this positivity into tangible and meaningful change.”
