Matthew Wyles joined Hampshire Trust Bank as chief executive today after leaving his post at Castle Trust, Mortgage Introducer understands.
A source close to Wyles revealed the move has received regulatory approval and he is starting his new job today.
Castle Trust confirmed his departure last week.
The source said: “He will be a star at Hampshire Trust Bank.”
Wyles was managing director of the mortgage division at Castle Trust, after originally joining as a senior adviser in 2013.
Before that he held multiple directorial roles at Nationwide Building Society. He also served two consecutive terms as chairman of the Council of Mortgage Lenders, which would morph into UK Finance.
Hampshire Trust Bank’s then-chief executive Mark Sismey-Durrant confirmed he would step down in November 2017.
Hampshire Trust Bank later confirmed the move.
Robert Sharpe, chairman of Hampshire Trust Bank, said: “I am truly delighted the Hampshire Trust Bank Board has secured the services of Matthew Wyles as the bank’s next CEO following Mark’s decision to retire.
“Matthew is a practitioner well known in the retail and small business banking circles for achieving outstanding results.
“He is exactly the right person to provide the stewardship, entrepreneurial insights and the leadership to successfully steer the bank through the next stage of its development and growth.”
Wyles said: “Specialist banks are already fulfilling a key role in broadening choice for personal and business customers. They also play an important and growing part in making the UK economy more productive and efficient.
“Hampshire Trust Bank has already made significant progress since its acquisition by Alchemy in establishing its position as an emerging challenger – it has tremendous development potential.
“I am thrilled to have the opportunity of leading the management team to build an exceptional business on the strong foundations which are already in place.”