OSB Group has begun the search for a new chief executive after Andy Golding announced he will step down from the role by the end of 2026.
Golding (pictured), who has led the specialist lender for 14 years, informed the board of his plans to retire from both the board and the chief executive position no later than 31 December 2026.
The group said it has appointed a third party to assist in the recruitment process, with the successful candidate expected to deliver the strategy outlined at its Investor Update in March 2025.
Until a successor is appointed, Golding will continue as chief executive and board director, working alongside the board and the senior leadership team to deliver the financial guidance for 2025 and 2026 and to progress the group’s medium-term aims.
OSB Group reiterated at its most recent trading update, covering the nine months to 30 September 2025, that it remains on track to meet its guidance for the year.
Golding said he remained “immensely proud” of the bank and its achievements during his tenure. He said: “OSBG is an amazing bank with delivery for its customers, owners and staff at the very heart of what the group does.
“I am immensely proud to have been at the helm for the last 14 years, seeing the bank through initial stabilisation and growth, an IPO, major M&A activity and cementing its place as the UK’s biggest and best specialist lender.
“I look forward to working with our experienced and talented leadership team to deliver another year of strong performance in 2026 during an orderly handover process.”
David Weymouth, chair of OSB Group, praised Golding’s contribution to the organisation’s development. “Andy has made invaluable contributions in the creation of the OSB Group over the last 14 years.
“As the founding CEO of the Group his strategic vision and leadership have been critical in transforming the Group, overseeing significant growth in deposits, loan originations and overall market position, delivering significant shareholder value and shareholder returns of £1.2bn since 2019. The entire Board wishes him well when he retires from executive life.”
The group said further updates on the search process, the appointment of a successor and transition plans will be released in due course.
