Paragon Bank has announced that it will appoint Richard Rowntree (pictured above) as its new managing director of mortgages, subject to regulatory approval.
Richard will join from Bank of Ireland, where he serves as managing director of UK mortgages.
He has a storied career in the banking industry, having also held roles at RBS, Santander, Lloyds TSB and Halifax Bank of Scotland.
Richard will replace John Heron, the current managing director of mortgages, when the latter retires in early 2020.
John said: “A great deal of care has been taken over our search for the new head for our mortgage business and we have seen a number of exceptional candidates.”
Richard is also the chairman of UK Finance’s mortgage product board.
John added: “I am delighted that Richard is joining Paragon; he has a great track record with experience at a senior level across a number of mortgage segments and is well known for his excellent work at UK Finance.
“Importantly, I think Richard’s values are very closely aligned with Paragon’s and I believe he is well equipped to take the business forward.”
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