Masthaven’s chief financial officer Leigh Bartlett will take over as CEO.

Andrew — who will continue at the specialist bank as a shareholder and non-executive director — founded Masthaven in 2004 and built the business from a specialist bridging lender to a bank.

Since launching as a bank in November 2016, Masthaven has increased its headcount to more than 180, completed over £1.1bn of lending and provided innovative deposit solutions to its retail and business customers with more than £1.2bn of savings raised.

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Andrew said: “Masthaven has been a major part of my life over the past 15 years and it has been a privilege to found, serve and grow Masthaven from the early days when it was just a handful of people to the specialist bank it is today.

“I’m very fortunate to be in a position to be able to take a step back from the day-to-day running of the business and have decided to take full advantage of this.

"I’m looking forward to the next stage of my life where I already have many plans including cycling through Botswana to the Victoria Falls, as well as various other charity and business endeavors."

Leigh added: “It’s an honour — and great responsibility — to take over from Andrew. 

“I would like to thank him personally for the support he has given me since joining Masthaven.”

Ashley Machin, chairman at Masthaven, thanked Andrew for his “second to none” commitment and contribution and said he was looking forward to continuing working with him as part of the non-executive team.