Richard, who has over 30 years’ experience in banking, will join the lender from Paragon Bank, where he was managing director of the mortgages division.

He previously held senior roles with Bank of Ireland, RBS, Santander, Lloyds TSB, and Halifax.

Richard has also served as chair of the UK Finance Mortgages Product and Service Board, and as a non-executive board member of the Estuary Housing Association and Progress Together.

Founder and ultimate controlling shareholder, Henry Moser, is to become the executive vice chairman, continuing his active role in guiding the board in achieving the long-term strategy of Together.  

“I am excited to announce Richard as my successor as CEO, as we celebrate our 50th anniversary,” said Henry.

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“Together is a special business with a clear purpose and a unique culture, and I look forward to working closely with Richard as we enter the next stage of our exciting growth story.”

Richard commented: “I am thrilled to join Together at this pivotal moment, as the group celebrates 50 years of remarkable success.

“This is a business that has a market leading proposition, a clear focus on delivering positive outcomes for customers, and is backed by an exceptional team of talented, experienced professionals.

“I am proud to have the opportunity to take Together to the next level and look forward to leading this continued success.”

Mike McTighe, chairman at Together, added: “We are delighted to welcome Richard as the new CEO of Together.

“He brings extensive experience in banking and will further strengthen our executive management team.”