Steve commented: “The project to build and establish StreamBank was always book-ended.
“As the bank continues to mature and develop, customer numbers grow, and we come towards the end of the first year of operation as a bank, the time is right to move on to the next chapter.
“I am very grateful to the Board and to Alex Pusco —the founder and shareholder — for giving me the opportunity to lead the build of StreamBank — creating a niche specialist property lender.
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“We have established truly solid foundations for the future growth and success of the bank and this achievement would not have been possible without the hard work, professionalism, and energy of the founding team.”
Jean-Pierre Flais said: “I have worked closely with Steve and the board on this project for over three years and I am pleased to step into the CEO role as we turn our efforts to generating another year of growth underpinned by solid foundations and a great team.'
John Reed, chairman at Streambank, commented: “Steve has done a fantastic job of both building and leading his in-house team and external advisers in securing the banking license and building the business.
“The board will now work with Jean-Pierre on the bank's plans for its second year of trading while focusing on the search for a permanent successor.”
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