Al Rayan Bank, Ultimate Finance, Vida and Square 1 Media bolster teams




Al Rayan Bank, Ultimate Finance, Vida and Square 1 Media have announced changes to their teams.

Al Rayan Bank

Al Rayan Bank has appointed Phillip Trevett as its new chief risk officer, subject to regulatory approval.

In his new role, he will be responsible for implementing and maintaining the risk management framework, policies and procedures, and ensuring that the bank meets its regulatory requirements.

Philip, who has over 20 years of risk management experience in financial services, joins the bank from Hoare & Co.

This is the latest addition to Al Rayan Bank’s leadership team, following the appointment of Giles Cunningham as CEO in September 2021 and Michael Williams as chairman in July last year.

“I am very pleased to be joining Al Rayan Bank at such an exciting stage in its history and I look forward to working closely with my colleagues to continue to develop and adapt our risk policies and processes in this fast-paced and dynamic market,” said Philip.

“Al Rayan Bank represents an exciting new challenge for myself and is one that I relish to take on. 

“This new opportunity to work for one of the UK’s oldest Islamic banking institutions is a great privilege.”

Giles added: “We are delighted to welcome Phillip on board.; he brings many years of invaluable risk management leadership, and a strong track record of overseeing a broad range of services. 

“His addition to the bank’s executive will help ensure that it has the leadership in place to deliver its ambitious plans.”

Ultimate Finance

Ultimate Finance has appointed Phillip Speed as regional director for the South East.

Phillip, who has over 20 years of experience in commercial finance, will be joining forces with his brother Matthew Speed, who has been working at Ultimate Finance for 10 years.

“I am delighted to be joining Ultimate Finance as it enters its 20th anniversary year,” said Phillip.

“It has always had a strong reputation in the market for its forward-thinking approach to business finance with a genuine desire to provide tailored funding solutions. 

“Working alongside my brother Matt, I am looking forward to delivering the high level of personal service to both clients and introducers that the Speed brothers and Ultimate Finance are well known for.”

Nick Haggitt, sales director for the South and Midlands at Ultimate Finance, commented: “Phillip is a fantastic addition to the sales team and his expertise, together with his experience with the local network, offers us a real foothold into the region and the opportunity to deliver even more working capital solutions and truly become the funding partner of choice.”

The appointment follows a record performance registered in 2021, which saw Ultimate Finance overall loan book hit a record high of £280m, and both its asset and bridging finance loan books go over £75m.

Vida 

Vida has appointed Helen Cawthra as a corporate sales manager, Andy Alvarez as a national sales manager and Scott Phillips as a specialist distribution manager.

All three new members — who each have over 15 years of experience in the specialist finance market — will report directly to John Truswell, head of intermediary distribution at Vida.

Prior to joining the company, Helen has worked in corporate sales at various firms, including Leeds Building Society and Accord Mortgages.

She has also been running her own advisory firm for two years.

Meanwhile, Andy has previously held a wide range of roles across operations and sales throughout his career, most recently at Mansfield Building Society, where he was head of mortgage sales.

Scott joins Vida from Hampshire Trust Bank, where he worked as a national accounts manager.

Commenting on the appointments, John said: “I am really pleased to welcome Helen, Andy and Scott to Vida’s sales team. 

“They all bring a strong knowledge of the intermediary market, and I am looking forward to seeing them further enhance our sales proposition. 

“This is a very exciting time for Vida, as we have recently unveiled our brand refresh and launched our new criteria and product range.  

“We are focused on growing our business and continuing to strengthen our sales proposition, as we aim to support brokers and broaden the range of products we offer. 

“These appointments demonstrate Vida’s commitment to the specialist lending market and will be vital in helping us to continue supporting brokers and their customers both now and into the future.”

Square 1 Media

Square 1 Media has appointed Paul Hunt as managing director.

In his new role, Paul, who has over three decades of experience, will be responsible for the day-to-day management of the business, developing and seeking out new opportunities and managing the growth the company.

Paul founded Square 1 Media in 2019 together with Alex Hammond, Scott Philipson and Rob Griffiths.

Prior to this, he worked in media and marketing roles for various companies, including Countrywide plc, Lehman Brothers’ mortgage capital division and Platform.

Commenting on his appointment, Paul said: “Since we founded the business as an alternative to traditional PR and communications agencies, I have naturally been the most client-facing director of the business and so, following the level of growth we achieved in the last year, it made complete sense for me to take on the managing director role. 

“It’s been clear in the two years since launch that the model we created for Square 1 Media is attractive to lenders, providers, distributors and other businesses active throughout the market. 

“Now is the right time to have a permanent managing director to oversee our continued growth and drive the business forward.”

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