- Redwood Bank, a UK-based business bank for SMEs, has appointed David Kennedy as its new Chief Operating Officer (COO).
- Kennedy brings a wealth of experience to the role, having started his financial career at Lloyds Bank and subsequently holding positions at Barclays, Shawbrook Bank, and Masthaven Bank.
- At Masthaven Bank, Kennedy served as COO, overseeing operations and lending functions.
- Kennedy’s focus at Redwood Bank will be on streamlining processes to increase speed of approval and completions, with plans for technology and system upgrades in 2024.
- Redwood Bank, established in 2017, offers business savings accounts and secured SME mortgages tailored to business owners.
- Kennedy’s appointment adds strength to Redwood Bank’s leadership team, following the earlier appointment of Ashraf Piranie as Chief Financial Officer (CFO) from West Bromwich Building Society.
