The board, with assistance of a third party, has commenced the search for a new CEO.

Andy will continue as a board director and group CEO until the board finds a replacement.

Further announcements about the completion of the search and any subsequent appointment and transition dates will be made in due course.

At the recent trading update for the nine months to 30th September 2025, OSB confirmed that it is on track to meet 2025 guidance.

Andy commented: ‘‘OSB is an amazing bank, with delivery for its customers, owners and staff at the very heart of what the group does.

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“I am immensely proud to have been at the helm for the last 14 years, seeing the bank through initial stabilisation and growth, an IPO, major M&A activity and cementing its place as the UK’s biggest and best specialist lender.

“I look forward to working with our experienced and talented leadership team to deliver another year of strong performance in 2026 during an orderly handover process.”

David Weymouth, chair at OSB, said: “Andy has made invaluable contributions in the creation of the OSB Group over the last 14 years.

“As the founding CEO of the group, his strategic vision and leadership have been critical in transforming the group, overseeing significant growth in deposits, loan originations and overall market position and delivering significant shareholder value and shareholder returns of £1.2bn since 2019.

“The entire board wishes him well when he retires from executive life.”