Bluestone Group has appointed Peter McGuinness as group chief executive.
Bluestone founder and executive chairman Alistair Jeffery will become non-executive chairman.
Jeffery says: “Peter is the ideal candidate, combining wide international accounting and structured finance skills with deep operational experience in the specialist lending sector.”
McGuinness joined Bluestone in Australia in 2003 to establish its equity release business.
Since then he held roles including chief financial officer and Asia-Pacific chief executive, before joining the UK arm of Bluestone in 2013.
McGuinness says: “Under Alistair’s leadership, Bluestone has developed a clear vision for growth over the next five years, and I am looking forward to drawing on my 13 years of experience with Bluestone and taking on the challenge of executing that plan.
“Our managing director for Bluestone Mortgages UK, Matt Andrews, is building an exciting business, creating a leading specialist lender supporting customers who are underserved by the high street banks, and and I am confident the business will continue to deliver strong growth.”