Gareth Lewis, head of business development at Tiuta, is to leave the short-term lender.

Lewis only joined Tiuta from rival Cheval in May.

He is rumoured to be joining another lender.

Steven Nicholas, Tiuta’s chief executive, said: “It’s always sad to see a valued member of the Tiuta team leave and we wish Gareth all the best in his new role. From our point of view