Redwood Bank names David Kennedy as new chief operating officer
UK-based business bank for small and medium-sized enterprises (SMEs), Redwood Bank, has announced the appointment of David Kennedy as its new chief operating officer (COO).
Redwood Bank appoints David Kennedy as new COO
Described as an “industry stalwart”, Kennedy started his financial career at Lloyds Bank, where he held the role of operations manager before transitioning to Barclays as the VP of its UK retail and business bank.
He followed his spell at Barclays with a three-year stint at Shawbrook Bank before joining London-based Masthaven Bank in 2018, progressing from operations director to chief lending officer, and where he most recently held the role of COO.
Commenting on his appointment, Kennedy says he will work to continue streamlining the bank’s processes and increase the “speed of approval and completions”, stating that 2024 will see several technology and system upgrades for Redwood.
Established in 2017, Redwood Bank provides business savings accounts and secured SME mortgages catering to business owners.
The addition of Kennedy further strengthens the bank’s C-suite and follows the appointment of Ashraf Piranie as chief financial officer (CFO) from West Bromwich Building Society last year.
