Bluestone has appointed David Torpey as managing director of Bluestone Mortgages and chief operations officer of the group.
Torpey will replace the departing Matt Andrews, who has been MD of Bluestone’s mortgage business for two and a half years.
Since 2007 Torpey has worked for BlueStep Bank, a specialist mortgage lender in Sweden and Norway, first as managing director/chief executive and then as director of strategic partnerships, where he focused on business development and funding projects.
Peter McGuinness, chief executive of Bluestone Group, said: “The Bluestone team has worked closely with David for nearly 15 years, initially through his role managing a number of significant wholesale and capital markets facilities for the business whilst at Barclays.
“It’s clear that David has continued to develop a deep understanding of the operational, funding and regulatory aspects of a specialist mortgage business and has been instrumental in driving the success of BlueStep in Scandinavia.
“David is held in high regard within the industry, and we are very much looking forward to him joining Bluestone at a time when we are developing a number of lending platforms, including Bluestone Mortgages in the UK and Bluestone Asset Finance in Ireland.”
Torpey has nearly 30 years of financial services experience in the UK, Sweden and Australia, while he was a director at Barclays Bank before the credit crunch.
The appointment is subject to FCA approval and is expected on 1 June. Peter McGuinness, Bluestone Group chief executive will be acting MD of Bluestone Mortgages in the meantime.