Norwich & Peterborough has appointed Graham Toy as head of commercial and intermediary lending and managing director of its subsidiary, Astra Mortgages.
Toy joins N&P from Abbey, where he was deputy head of commercial lending.
Prior to joining Abbey, he worked at Barclays, where his more recent roles included area director for Dorset, Devon and Essex.
David Jervis, business services director at N&P and chairman of Astra Mortgages, says: I am so pleased to have Graham join us. It is a very important time for N&P, with the success of our established commercial lending business and the launch of Astra, our new buy-to-let intermediary business.
Grahams experience will be of enormous value as we build both our commercial and intermediary businesses.
Toy adds: This is a really exciting time to be joining N&P. The innovative and enthusiastic approach to new developments was one of the key factors that drew me to the society.
I am particularly inspired by the significant success in being the first lender to achieve Basel ll status.
This will provide us with huge opportunities in the future to grow the business and share the benefits with our customers.