– UK, Warley – Shawbrook Group PLC (LON: SHAW) today announced the appointment of Marcelino Castrillo as CEO, subject to regulatory approval, succeeding Ian Cowie, who has led the business since 2018 and will step down as CEO after four years at Shawbrook Bank.
Marcelino Castrillo will join Shawbrook as CEO later this year, he brings a wealth of experience in financial services.
Ian Cowie commented: “It has been a privilege to lead Shawbrook Bank since 2018. I am proud of the balanced growth we have achieved and the progress we have made towards our strategic ambition to become the UK’s best Specialist Lender.”
“Ian has worked tirelessly to get Shawbrook to where it is today, a more confident and stable business ready to move to the next phase of our journey”. said John Callender, the Bank’s Chairman.
About Marcelino Castrillo
Most recently Marcelino Castrillo was Managing Director, Customer Engagement & Distribution at NatWest Group where he led 9,000 employees through an ambitious transformation program. Before that, he was Managing Director, Business & Premier Banking at NatWest and RBS and previously held senior roles at Santander after starting his career at The Boston Consulting Group.
Marcelino Castrillo commented: “In less than ten years Shawbrook has become a leading specialist lender and has attracted some of the best talent in the industry. I am delighted to be part of the next step of their journey, continuing to deliver specialized solutions for our customers by combining the best people with modern technology.”
About Shawbrook
Shawbrook is an independent specialist lending and savings bank serving UK SMEs and consumers with tailored products designed to address a selection of high-growth sub-sectors of the overall lending industry. The Group’s lending activities are primarily funded by a stable retail deposit book consisting of easy access and ISA accounts, variable rate notice accounts, and fixed-rate fixed-term accounts (mostly one – five years). Shawbrook Bank Limited is an operating entity of Shawbrook Group plc. Shawbrook Bank Limited is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of the Financial Services Compensation Scheme.
For more information: https://www.shawbrook.co.uk
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
