Previously Townsend was managing director of The Beacon Group, and executive director at Southern Pacific Mortgages, First National and the Household Mortgage Corporation.
Townsend’s appointment makes him the second non-executive director appointed at Tiuta following that of Simon Engelsman’s last month.
Steven Nicholas, chief executive officer at Tiuta, said: “It is important for Tiuta that we continue to add depth and experience to our board and therefore we are pleased to welcome Andrew’s appointment as our newest non-executive director.
“Andrew brings with him a wealth of experience from the mortgage and lending markets and he has been instrumental in the growth and development of a number of significant financial services brands.
“His financial nous and his experience as the head of some major players will add considerably to our business and we are therefore looking forward to him joining the board and helping ensure that Tiuta continues to grow and develop throughout the rest of the year and into the future.”