
Cheadle-based specialist property lender, Together, has revealed David Broadbent will not take on the role of divisional CEO at the group’s personal finance arm.
After announcing his appointment in January, the non-bank lender cited personal reasons for Mr Broadbent’s decision not to move forward with the position.
David Broadbent had been poised to replace outgoing divisional CEO Pete Ball, who left Together Personal Finance in the spring after seven years with the company.
Paul Wilson, the group’s Personal Finance CFO, will undertake the CEO duties on an interim basis
Specialist lender, Together, provides products including first charge and Consumer Buy-to-Let (CBTL) mortgages, second charge loans and regulated bridging finance, often for personal finance customers underserved by mainstream banks. As of February 2024, the group boasts a loan book of more than £6.8 billion.
The Cheadle Royal headquartered group is now beginning the process of identifying a permanent appointment to lead its personal finance division.
David Broadbent’s resignation follows the stepping down of the group’s CEO Designate, Gerald Grimes, earlier this year.