Fleet Mortgages has announced the promotion of Steve Cox to the position of chief commercial officer.

Formerly distribution director, Cox (pictured) will now take up a more strategic role, with responsibility for the commercial element of all the lender’s activities.

Fleet said that Cox has already proved his worth to the business having helped transform, increase and develop Fleet’s distribution partnerships. He would now operate across the entire business focusing on the strategic and commercial elements required to deliver further growth.

Cox joined Fleet Mortgages in November 2018. Prior to this he was business development director at Hodge Lifetime and head of commercial development at Sesame Bankhall Group.

Bob Young, CEO of Fleet Mortgages, said: “Steve has been absolutely key to our success over the last two years and has helped shape and guide the business through what has often been a very tricky environment. This new chief commercial officer role is testament to the work Steve has carried out, the influence he has at Fleet and the wider mortgage community, and how we intend to move forward.

“Every decision we make as a lender has a number of elements to it – credit risk, mortgage processing and commercial, and Steve will be responsible for helping us to continually develop the commercial plan for Fleet. To be fair, he has undoubtedly already been doing this for some time and we are very pleased to make this promotion official and to begin the new year with such positive news.”