He is succeeding co-founder Stephen Lancaster, who is stepping away after seven years in the business.
Mike was previously the company’s CFO and has over 30 years’ experience in banking having held senior positions with Citibank, Capital One, Lloyds and Harrods Bank.
The news comes as the bank also relocated its headquarters to Mayfair in London and received an £85m investment to support its growth.
- GB Bank makes raft of appointments
- GB Bank secures £85m funding
- GB Bank provides £750,000 bridge to fund development of three business units
Speaking about his appointment, Mike said: “We plan to significantly accelerate GB Bank’s growth, solidifying our position as a leading specialist lender in the UK residential property sector.
“The move to Mayfair underlines our commitment to the London property market, while we continue to support our valued customers across the UK.”
Commenting on his departure, Stephen, commented: “I have had seven incredible years building and launching GB Bank.
“The recent investment has secured the future of the Bank and now is the right time for me to step away and focus on personal and family commitments — I am incredibly proud of what we have achieved together as a team.”
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