Ian Henderson has resigned from his position as CEO of Shawbrook Bank.

He has been succeeded by Richard Pyman, previously managing director of Shawbrook Asset Finance.

Pyman said: “We are all appreciative of the contribution made by Ian. Since joining Shawbrook in March 2012 I have been excited by the growth and potential that Shawbrook has to offer. It is a dynamic environment with strong and dedicated staff and management. I look forward to leading the bank through its next phase of development and beyond.”

Sir George Mathewson, chairman of Shawbrook Bank, added: “Richard’s appointment as Shawbrook’s new CEO was the natural choice following Ian Henderson’s resignation. Richard possesses the essential experience of building a sustainable business based on customer satisfaction and has played a leading role in Shawbrook’s continued evolution. His appointment and leadership will allow us to move forward on our development strategy to position Shawbrook for the next phase of growth.

“Over the past two years the bank has continued to grow its share of the savings and lending markets, including the acquisition of Singers Asset Finance in March 2012 where Richard had been Managing Director since 2005. As we approach our third anniversary we remain committed to lending to SMEs and individuals based on sensible decision making, as well as offering competitive savings products and an excellent customer service, providing a real and viable alternative to the high street banks. We wish Ian the very best for the future and thank him for the contribution he has made during his time at Shawbrook.”