Mel Lane takes on the position of deputy CEO, enabling her to focus on the development of the Bevan proposition, delivering on her vision of helping more public sector workers out of renting and into owner occupation. 

Brian joins Bevan from Freedom Finance, where he was group CEO and chairperson.

Bevan, which submitted its application for a banking licence last May, plans to provide mortgages, funded by retail deposits, designed to meet the specific requirements of public sector workers.

It believes the ‘one size fits all’ approach of the large banks inadequately meets the specific needs of so many key workers among people in the public sector.

It plans to become a bank raising retail deposits to fund its highly focused mortgage lending criteria. 

Bevan will distribute mortgages exclusively through the intermediary channel, adding valuable product diversity and choice to brokers and helping them to convert more applications into completions.

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Mel said: “I’ve drafted scores of documents, attended similar numbers of meetings, worried, obsessed and agonised at every stage of getting Bevan Money from a conceptual possibility to a point where we are now at an advanced stage of the application process for a banking licence, with the funding we need to transform the concept into reality.

“What we need at Bevan now is a highly experienced, knowledgeable Chief Executive Officer to lead us forward into full authorisation, launch and profitability and I’m delighted to confirm that our board has selected Brian Brodie to be Bevan’s CEO.

“I feel like I’m handing over a loved, nurtured and cosseted infant into the competent hands of an experienced parent.”

Brian added: “I’m delighted and honoured to be given the opportunity to lead Bevan Money through the final stages of regulatory authorisation.

“Mel has done an incredible job and has secured the necessary funding to allow the business to move to mobilisation in due course.

“Our focus will always be on supporting public sector employees who want to get on the housing ladder or who want a more fulfilling retirement.”