Hampshire Trust Bank has announced the appointment of Robert Sharpe as its new chairman, subject to regulatory approval.
Robert Sharpe will succeed Robert East, who has served as interim chairman since December 2016.
Robert East will return to his previous role of non-executive director and chair of the board risk committee.
Robert Sharpe is currently chairman of Bank of Ireland (UK) Plc, Al Rayan Bank Plc and Honeycomb Investment Trust Plc.
His previous roles include chief executive of West Bromwich Building Society and Portman Building Society.
Robert East commented: “I look forward to welcoming Robert Sharpe to our board as our new chairman.
“Since Hampshire Trust Bank was acquired in May 2014, we have built a robust business dedicated to specialising in meeting the financing needs of SME business customers for asset finance, commercial mortgages and residential property finance and deposit taking from individuals and businesses.
“We have exciting plans to support more customers in our chosen segments and the board is committed to realising these.”
Robert Sharpe added: “This is an important time in Hampshire Trust Bank's development.
“I will be working with the business to fulfill its objective of delivering sustainable growth and returns by operating in markets where its specialist capabilities are most valued by its target customers.
“The building blocks are in place for the next phase for the business.
“My objective will be to work with the principal stakeholders to continue to build a business of real value over the next few years.”
Hampshire Trust Bank's financial highlights for the year ended 31st December 2016:
- pre-tax profit increased to £4.4m (2015: loss £3.1m)
- lending assets increased by 161% to £463.5m (2015: £177.6m)
- customer deposits increased by 180% to £523.3m (2015: £187.2m)
- customer numbers more than doubled to over 16,000 (2015: 7,500).
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...