WESLEYAN BANK RECRUITS NEW FINANCE DIRECTOR

Wesleyan Bank, part of the Birmingham-based specialist mutual Wesleyan Group, has appointed Laoiseach Lynch as Finance Director. This is a new position reporting to the Bank’s Chief Executive.

Laoiseach joins Wesleyan from Barclays, where he had spent 12 years in a number of senior roles, including Finance Director of Business Banking, Mortgages & Savings, Director of Mortgage products, and latterly as Director of Barclays non-core business, managing its asset reduction strategy for European retail banking loans. In his new role at Wesleyan he will be responsible for overseeing the financial operations and systems for both Wesleyan Bank and its subsidiary, Syscap.

Wesleyan Bank Chief Executive Steve Deutsch said: “Laoiseach joins us at an exciting time.

Last year we acquired Syscap, which strengthened our position in the short term loans market and provision of IT leasing and asset finance. We are now looking to build on that, and position ourselves as a lender of choice to our target markets.”

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Laoiseach added: “Working for a mutual was something that really appealed to me and I am looking forward to the challenge of helping Wesleyan Bank grow.

“Wesleyan Bank has a solid foundation and ambitious plans for growth. There has been a rise in challenger banks in recent years and we can be a part of that trend, operating outside of the mainstream lenders to provide a specialist and bespoke service to customers that have very specific borrowing needs.”

Originally from Dublin, Laoiseach now lives in Hampshire with his wife and two children.

The Wesleyan Group provides specialist financial advice and solutions to doctors, dentists, lawyers and teachers.

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