Wyles has over 35 years experience in the financial services sector and joins Castle Trust from Nationwide Building Society where he served as a main board director from August 2007. Wyles was also chairman of the Council of Mortgage Lenders for two years.
Sean Oldfield, chief executive officer of Castle Trust, said: “Equity loans offer huge untapped potential in the UK and Matthew’s energy, experience and focus will be invaluable in helping me drive the business forward.”
Wyles added, “I think the launch of Castle Trust is the first really interesting new development we’ve seen in the market for a long time.
“It’s significant that Castle Trust and its offering have been rigorously reviewed and approved by the FCA – a very positive signal that regulators appreciate the need for more real choice for customers.
“Castle Trust will only distribute via professional intermediaries and its products present a fascinating opportunity for brokers to create fresh and compelling solutions for their clients.
“I’m excited about helping Sean and the team build momentum behind this unique business.”