Former InterBay Commercial chief executive Colin Bell has joined Hampshire Trust Bank to spearhead its entry into the buy-to-let and commercial mortgage sectors.
Bell left InterBay, which is OneSavings Bank’s commercial mortgages arm, in September and takes on the role of managing director of commercial mortgages at HTB.
The lender has also appointed Anna Lewis, who also joins from InterBay, as head of production.
HTB, which is focused on lending to SMEs, will launch into buy-to-let and commercial mortgages later this year with “other specialist mortgage lending lines to follow”.
Bell says: “I am delighted to be joining HTB to set up and run the commercial mortgage division at such an exciting time for the bank. The SME lending market remains underserved by true specialist lenders, which made this an opportunity I relished.
“I found the business culture, attitude and approach an ideal fit and am looking forward to developing the products, teams and distribution channels to ensure we have a successful launch and provide a positive contribution to the already successful bank.”