Afin Bank has appointed Simon McClean as head of treasury and regulatory reporting as the specialist lender expands its loan book and savings deposits.
McClean (pictured) joins from FCMB Bank, where he was head of treasury. He has more than 35 years’ experience in financial services and has held senior treasury roles, including responsibility for regulatory reporting, at The Bank of London, Wesleyan Bank, Al Rayan Bank and Commerzbank.
He will oversee the development of Afin’s financial strategy and take responsibility for its regulatory reporting requirements.
McClean said: “What I liked about Afin Bank was its clarity of purpose, that it has been created to fill really obvious gaps in the market and help borrowers who fall into those gaps.
“I also liked the opportunity to start with a blank sheet to build our strategy and systems, with no legacy issues.
“Being in a small and growing bank you get to see everything and work closely with everyone in all departments, from product development through to managing our liquidity. Decisions that are made in treasury impact the entire bank.”
Afin offers residential and buy-to-let mortgages and regulated bridging on properties in England and Wales. Its mortgage lending targets borrowers underserved by mainstream lenders, including the self-employed, qualified professionals, high net worth customers and foreign nationals working in the UK on valid visas.
The bank also provides fixed-term savings accounts protected by the Financial Services Compensation Scheme.
Charles Resnick, chief financial officer at Afin Bank, added: “It is great to have Simon onboard with his wealth of experience in both start-up banks and larger organisations.
“Simon’s knowledge will help us continue to grow our treasury capabilities, as well as ensuring we continue to deliver the reporting requirements in an evolving environment.
“As Afin develops over the years to come, with new products for both our lending and savings propositions, Simon and the rest of the finance team will play important roles in ensuring the bank remains robust and grows safely and effectively.”
