Masthaven Bank has strengthened its leadership team and board with a number of new appointments as well as promotions to support its plans for 2021.

Among the senior appointments, Mark Record has been appointed to the newly created role of chief information officer (CIO) leading the bank’s technology, change and business information functions.

Record joins from Capita’s financial services arm and has previously held a range of CIO roles at Barclays, the Co-op Bank and RBS, as well as serving as an industry consultant.

Kensington appoints chief financial officer

Simon Furnell, chief operating officer, and David Kennedy, operations director, have also taken on new responsibilities at Masthaven.

Furnell will now be responsible for marketing, distribution and products, as well as continuing to lead the bank’s savings function and internal operations.

Kennedy is being promoted to a newly created role of chief lending officer where he will look after all lending activities across short-term and long-term.

Simon Glass has joined the Masthaven Board as a new independent non-executive director.

Glass has considerable experience in the financial services sector having held a number of senior roles, and is the latest addition to the board following the appointment of Malcolm McCaig earlier in the year.

Leigh Bartlett, chief executive officer at Masthaven, said: “Masthaven traded robustly through the challenges of the pandemic this year and remains open for business.

“All our colleagues have worked incredibly hard to make sure our customers, and the intermediaries we work with, have access to the right financial solutions and support.

“As the economic impact of COVID-19 continues to affect the UK, the specialist financial services sector will be called upon to provide the products and the credit people needed in order to see them through the other side of the crisis and on the road to recovery.

“These appointments, together with the recruitment of 36 new colleagues since the first national lockdown positions Masthaven well to deal with any uncertainty as we prepare to move into the new year.”