Sebastian Mrotzek has been appointed by challenger bank Redwood Bank, as its a new director of operations.

With nearly 20 years’ experience in the financial services sector, Mrotzek (pictured) has worked in multiple roles across commercial banks, startups and regulators.

Prior to his new role, he was working for a London-based fintech start-up during its banking licence application stage as deputy chief operating officer (COO) and head of banking operations.

He has also held senior positions at the Prudential Regulation Authority and was a member of the Bank of England’s Technology and Projects Board.

He said: “I am thrilled to be joining such an experienced team at both management and operational levels. Redwood Bank has a genuine passion for achieving great customer outcomes and I’m excited to become part of the Bank’s journey as it continues to develop and grow.

“Working in a challenger bank provides me with the opportunity to influence the direction of the company, without the constraints of legacy systems and set ups. In addition, it also provides a platform in which one can engage in the end-to-end operations.”

Gary Wilkinson, CEO and co-founder of Redwood Bank, added: “This is a key role as it supports the smooth-running and full operations of Redwood. Sebastian’s job involves ensuring all activities are conducted in a regulatory compliant manner, while also making sure all our customers are well looked after.

“We are impressed by Sebastian’s vast and varied experience and general management approach. There’s no doubt he’s set to become a very welcome addition to the Redwood team, and we welcome him with open arms.”