Jaxon joined the lender in September last year as sales director, responsible for leading the firm’s sales team, covering the whole country.

In an announcement on LinkedIn, Jaxon said it was time for him “to take on a new challenge”.

“Thank you Tuscan Capital for the opportunity to come into the business and help add to, and create new elements of the sales and marketing structure that I have no doubt will aid the continued growth plans,” he wrote.

“I also want to thank all of the new introducers that have engaged with Tuscan Capital for the first time over the last 12 months.

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“I wish everyone at Tuscan Capital, and of course, now Allica Bank too, the greatest success in the future.

Several industry experts wished Jaxon good luck in the move, including Tuscan CEO, Colin Sanders as well as regional director, Carl Graham.

Tuscan commented on Jaxon’s departure, saying: "Tuscan wishes Jaxon the very best in his next venture and looks forward to seeing him continue to make an impact in the industry."

Jaxon’s announcement follows Allica’s acquisition of Tuscan Capital, as part of the bank’s move into the bridging market.