He will lead development of its mortgage proposition
The Nottingham Building Society has announced the appointment of Praven Subbramoney (pictured) as chief lending officer.
The mutual said Subbramoney has a strong track record in delivering innovative digital transformation. Since 2008, he has held a series of executive leadership positions within First National Bank South Africa, part of First Rand Group – one of Africa’s largest financial institutions. His most recent position there was chief executive of secured and private bank lending.
At The Nottingham, Subbramoney is expected to lead the development and delivery of the building society’s lending strategy and mortgage proposition, driving innovation, transformation, and growth, as well as focusing on improving service to brokers and customers. He will report to The Nottingham’s chief executive officer Sue Hayes.
Subbramoney succeeds John Eastgate, whose interim role as chief lending officer concludes at the end of April.
“Praven’s extensive experience in the mortgage sector – including in leading digital transformation, will be immensely valuable to The Nottingham,” Hayes commented. “We had a strong year in 2022, and we recognise that the housing market and lending landscape is continually evolving – we want to enhance our mortgage proposition and innovate for the future.
“Praven will be central to delivering our strategic aims of transforming the experience for brokers and their customers and innovating our proposition to help as many people as possible own their own home. This has been our guiding principle as a mutual for over 170 years and continues to drive us forward today.”
Hayes also thanked Eastgate for his contribution over the last year while in the role on an interim basis.
“He has built a talented mortgage leadership team for Praven to take forward, with strong expertise in the UK market,” she added. “I am excited about what we can achieve in the months ahead.”
Commenting on his appointment, Subbramoney said he was delighted to be joining The Nottingham as it looks to “build on its success with new thinking and a transformative strategy for future growth.”
“The ambition to innovate to meet the needs of extra ordinary borrowers and the culture of the organisation and its people, is what attracted me to the business,” he continued. “I am looking forward to working with Sue and the executive team. I can’t wait to get started and make a positive difference to our members and partners.”
Subbramoney’s appointment marks another key addition to The Nottingham’s mortgage team, following a number of high-profile industry hires. It hired Christie Cook in the newly created role as head of mortgages last year, and intermediary sales director Alison Pallett from LiveMore at the end of last year.
Further appointments followed with Matt Kingston as national sales manager, alongside Simon McGuinness as head of customer and broker Experience from Aldermore and operations lead Rudolf Heaf joined as head of mortgage operations from Monument Bank in February this year.
At the executive level, Anthony Murphy joined from Tandem Bank as chief financial officer in January, while Paul Howley from Yorkshire Building Society was brought in as chief technology and transformation officer in December 2022. David Bowles was appointed interim chief risk officer in March.
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