Stuart, who joined Redwood in early 2018, has more than 35 years of financial services experience.

He spent two decades at Lloyds Banking Group before holding a series of positions at challenger banks and then Redwood.

His promotion to CCO reflects his pivotal role in shaping the bank’s strategy and leading the customer and broker experience that supports the growth of the bank’s SME customers.

As CCO, Stuart will lead efforts to expand the bank’s lending book and evolve its overall product proposition.

Stuart commented: “The past few years have been marked by changes in regulation, economic instability, and frequent base rate changes.

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“These factors have made planning more difficult across the sector, particularly for business banks.

“But they’ve also reinforced the importance of agility, strong partnerships, and staying close to the needs of our brokers and customers.”

 “We’ve built a reputation for personal service and pragmatic decision-making — we’re committed to retaining that as we grow.”

Gary Wilkinson, CEO and co-founder of Redwood Bank, said: "Stuart has been integral to our success since joining the bank in its infancy.

“His promotion reflects his vision, experience, and deep commitment to our customers and brokers.

“I have every confidence he will thrive in this new role and continue to demonstrate the required strategic insight and leadership that have been instrumental in Redwood’s success.”