Heritable shuffles pack

Following a year of record business growth, recruitment and product development for the lender:

• Ketan Malde, Heritable Bank’s finance director, has also taken on the role of chief operating officer to lend further direction and oversight to the operational aspects of the company’s next phase of expansion;
• Tim Wentworth becomes managing director of newly formed business, Heritable Capital Partners, which provides equity participation as a principal in residential property developments in the UK;
• Nick Barrett has become managing director of Heritable Bank’s Structured Property Finance division, which provides senior debt and mezzanine finance for residential and commercial property developments and projects.

The announcement of these roles follows an unprecedented year of success for the Mayfair-based savings and property finance specialist. An active recruitment programme since last summer and expansion into additional Mayfair premises has helped the business maintain momentum and embed its commitment to case by case service and strong customer relationships.

Mark Sismey-Durrant, chief executive of Heritable Bank, commented: “We have built Heritable Bank’s reputation by tapping into expertise and putting it to uses which directly benefit our customers. Everyone here has huge expectations for this year and beyond, and this team reshuffle will help those at the heart of Heritable Bank’s success over the past few years to continue to put their skills and leadership to the best possible use.”