The Vernon has appointed Steve Fletcher as its new Chief Executive.
Steve succeeds Mike Hanson, who has retired. He led the lender since 1996.
He joins from Clydesdale and Yorkshire Bank, where he was head of customer banking networks.
Steve says: “I am delighted to be joining the society at such an important and exciting time in its history. The mutual status of the Vernon – and the bespoke personal mortgage service that it provides – holds real appeal for me.
“We recognise that the way in which we live and work is a far cry from even five years ago, with mortgages into retirement, the gig economy, self-employed and non-permanent contracts becoming ever more prevalent. We offer a bespoke approach – working with human underwriters – to ensure that common sense prevails.
“We want to grow our business and offer our services to more people. The intermediary market is key to achieving this objective and we will have a real focus on our broker proposition going forward”
Mike Hanson says: “I’m delighted to pass the baton to my successor and wish him and the entire Vernon team every success as they continue to develop and realise our strategic vision, whilst maximising our member benefits.”