View more on these topics

Secure Trust hires ex-Kensington CEO as it eyes mortgage launch


Secure Trust Bank has appointed former Kensington Mortgages chief executive Ian Henderson as it eyes a launch into the mortgage market.

Henderson has been given the dual role of head of strategic business development and chief executive of personal lending and mortgages.

While Henderson’s job title suggests Secure Trust has decided to enter the mortgage market, it insists it is yet to make a final decision.

Secure Trust group chief executive Paul Lynam says: “I have known Ian for a number of years and am delighted he has agreed to join us. Ian has huge relevant experience in consumer finance and mortgage markets. His appointment will further strengthen our executive team and is another tangible demonstration of our commitment to ensuring that our strong ongoing growth is well controlled and sustainable.”

Henderson says: “I have been observing Secure Trust Bank for a number of years – it’s a tremendous business.  I am delighted to be joining at an important point in its development and look forward to working with Paul and his team in the next phase of growth.”

Henderson was most recently Kensington’s chief executive, a role he took over in September 2014. Prior to this he spent a year and a half as Shawbrook Bank’s chief executive and, before this, he held several senior roles within Barclays and royal Bank of Scotland.

In its interim results, published in August, Solihull-based Secure Trust said it was investigating a launch into the mortgage market. At the time it said: “We remain open to the possibility of competing in the UK mortgage market and have hired a team to undertake a detailed study to establish if we can build a sustainably viable proposition in this market alongside some of the other challenger banks.”

Presently, Secure Trust Bank offers a range of personal, motor and business loans as well as current accounts and real estate development products.

The bank, which is listed on the Alternative Investment Market and is a subsidiary of the Arbuthnot Banking Group, made a £16m pre-tax profit in the first six months of the year, up 40 per cent year-on-year. Its income in H1 reached £62.2m, up from £43.8m in H1 2014.



Secure Trust eyes mortgage market

Secure Trust Bank is considering an entry to the mortgage market. The Solihull-based lender says it has hired a team to explore the idea. In its interim results, published last week, it said: “We remain open to the possibility of competing in the UK mortgage market and have hired a team to undertake a detailed […]

Secure Trust Bank teams up with Target Group

Secure Trust Bank plc, has selected lending and arrears management software company, Target Group, to deliver an arrears management system to optimise collections and increase efficiency across its range of loan portfolios.


Broker dominance continues as product share rises

Brokers’ dominance is continuing to grow as new research shows they have access to 71 per cent of the total products on offer in the market. Research by Mortgage Advice Bureau has revealed there were 15,838 products on offer in August – a 10 per cent increase from the 14,395 on offer in July. This […]

John Heron

Paragon agrees deal to buy SME lender

Paragon Bank has agreed plans to buy the small-business lender Five Arrows Leasing Group. Paragon Bank PLC, part of Paragon Mortgages’ parent company Paragon Group, made the announcement on the London Stock Exchange this morning. The acquisition is part of Paragon Bank’s strategy to enter into the UK SME asset finance market. Paragon will purchase […]


News and expert analysis straight to your inbox

Sign up