Andy Mielczarek (pictured above), is stepping down as CEO of Chetwood Financial to be replaced by Paul Noble, subject to regulatory approval.
Andy has been with the company since its inception, before which he was the deputy head of HSBC’s UK retail bank, having previously been commercial director and head of retail products at HSBC Europe.
He will be staying with the firm until next month, before taking time to decide what his next step will be.
His replacement, Paul Noble, has previous experience at companies such as Pollen Street Capital, alongside his most recent post as CEO at JN Bank UK.
Chetwood was founded in 2016, before receiving a restricted banking license in late 2017, and a full license in December 2018.
Earlier this year the firm also entered the BTL market after the acquisition of CHL Mortgages.
Commenting on his step down, Andy said: “What a journey it’s been. Starting a new bank was never going to be easy, and I am proud to see the progress Chetwood has made.
“From opening our first office in Wrexham and getting a banking licence, to taking billions of pounds in deposits and expanding into different markets, the company has gone from strength to strength over the years.
“It’s a testament to the brilliant people who work here, and the unwavering focus on creating financial products that make people better off.
“After ten years, now’s the right time for me to hand over the reins to someone new.
“There are such exciting, bold plans for Chetwood over the coming months and years, and now’s a logical time for a change in leadership to inject fresh life into the business and guide it through the next stage of its journey – I’ve no doubt Paul is the right person to do just that, and I wish him and the entire organisation all the very best.”
Paul also commented on the personnel change: “I am delighted to join Chetwood Financial.
“Andy and the team have built a brilliant digital bank here, and the opportunity to now help drive the company forward was one that I simply had to grab with both hands.
“There are really exciting plans in place, and I can’t wait to play my part.”
