- Redwood Bank, a UK-based business bank for SMEs, has appointed David Kennedy as its new Chief Operating Officer (COO).
- Kennedy brings a wealth of experience to the role, having started his financial career at Lloyds Bank and subsequently holding positions at Barclays, Shawbrook Bank, and Masthaven Bank.
- At Masthaven Bank, Kennedy served as COO, overseeing operations and lending functions.
- Kennedy’s focus at Redwood Bank will be on streamlining processes to increase speed of approval and completions, with plans for technology and system upgrades in 2024.
- Redwood Bank, established in 2017, offers business savings accounts and secured SME mortgages tailored to business owners.
- Kennedy’s appointment adds strength to Redwood Bank’s leadership team, following the earlier appointment of Ashraf Piranie as Chief Financial Officer (CFO) from West Bromwich Building Society.
Redwood Bank names David Kennedy as new chief operating officer
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