Shawbrook merges seconds and commercial divisions with new MD

Ryan Bembridge

April 23, 2019

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Shawbrook has brought together its second charge and commercial mortgage businesses, led by new managing director John Eastgate.

Eastgate, who joined earlier this month from OneSavings Bank, is managing director of the newly created Property Finance Division.

Jeremy Law, Shawbrook’s managing director of residential lending who was previously responsible for the second charge arm, is leaving in the summer for a new challenge.

Ian Cowie, chief executive of Shawbrook, said: “I’m delighted to announce John’s arrival at the bank and look forward to working with him as we enhance our Property Finance proposition and grow further within our chosen markets.

“The second charge offering has a long history with Shawbrook and we are pleased to give it renewed focus within a simplified structure.

“Jeremy has been instrumental in helping us reshape this key element of our overall mortgage proposition, I would like to thank him for his contribution to Shawbrook and wish him well in his next challenge.”

Shawbrook said the new leadership framework is designed to improve the experience for both brokers and customers by taking advantage of complementary resource and expertise to make things more efficient.

Eastgate said: “I’m excited to take on the bigger challenge and look forward to building an all-encompassing property offering for the bank.

“There are many areas where the Commercial and Residential businesses cross-over in terms of people, process and technology, and focusing on creating a more connected picture will be one of my first tasks.

“I look forward to enhancing the reputation of two businesses that already have a strong standing within the industry, and am confident that we have the people to deliver this to the intermediary, property investor and SME market”.

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