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New Bluestone Mortgages MD expected to consider banking licence

Martin Greenland | 12:00 Wednesday 1st August 2018

David Torpey (pictured above) — who has worked closely with the wider Bluestone Group for almost 15 years — is set to step down from his position as managing director at Bluestone Mortgages at the end of this year.

David will be heavily involved in the appointment of his successor over the coming months.

The company said that with specialist lenders increasingly looking at a full banking licence as part of their future strategy, it was expected that the newly appointed managing director would give this strategy further consideration.

“David has brought a huge amount of value to Bluestone, and we would like to thank him for the significant progress the company has made under his leadership,” said Peter McGuinness, CEO at Bluestone Group.

“By recruiting a very strong executive team and broadening our funding, distribution and marketing relationships, David has laid the foundations for our next stage of growth here in the UK.”

David added: “It has been an absolute pleasure to work at Bluestone and I’m proud to have been involved in its journey to becoming a well-established specialist lender in the UK.

“I’m excited to see what the future holds for the business and am confident that the team will grow from strength to strength and wish Bluestone every success for the future.”

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