Jon Hall (pictured) will be leaving his position as chief commercial officer and deputy CEO of Masthaven Bank at the end of March 2021.

Hall has worked at Masthaven for six years, during which time it became the first new bank awarded a banking licence in 2016, moving forward to its current position as an established Specialist Bank.

He will continue to work alongside Masthaven’s senior leadership team to achieve the bank’s objectives over the coming months and ensure a smooth transition to his successors.

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Leigh Bartlett, CEO of Masthaven, said: “I would like to take this opportunity to express my sincere thanks to Jon for his huge contribution over the last six years.

“He has played a significant role in the successful launch and growth of Masthaven bank, applying his depth of industry expertise and insight.

“The bank has grown from strength to strength under Jon’s leadership and he leaves it with a clear plan and secure foundations for its continued growth.

“He has made an indelible mark on the business and we wish him every success for the future”.

Ashley Machin, interim chairman, said: “At the end of 2019, Jon expressed to the board his potential desire over the medium term to seek a new challenge in his career outside of Masthaven.

“We’re sincerely grateful for his openness about his future plans, and for being clear in wanting to stay at Masthaven until early 2021 in order to complete a number of key initiatives.

“At a personal level, I’d like to take this opportunity to thank Jon for the huge commitment he has shown to both myself and the bank since informing us of his plans last year, and before then as well.”

Hall added: “It has been an absolute pleasure to work at Masthaven and I’m honoured to have been involved in its journey to not only becoming a well-established specialist lender, but also a new retail bank.

“The past six years have been a period of continuous change and development and I’m proud to have led the team in achieving such a big milestone.

“Whilst this has not been an easy decision to make, I feel 2021 is the right time for myself to take on a new challenge.

“I look forward to seeing what the future holds for the Bank as it continues to grow and evolve.”