Masthaven Bank appoints Malcolm McCraig as independent non-exec director

Source: IBS Intelligence 2020-07-10

Malcolm McCaig, Independent Non-Executive Director at Masthaven Bank

UK-based Masthaven Bank has announced the appointment of Malcolm McCraig to its Board as an independent non-executive director. McCraig will chair the Board’s Risk and Conduct Committee.

Ashley Machin, Chairman, Masthaven, said, “I’m delighted to welcome Malcolm to Masthaven Bank. He brings a wealth of experience in a variety of financial roles, and the maturity and breadth of this experience will provide real value to the Board. We welcome Malcolm’s insights and expertise as Masthaven continues to refine and develop its lending and savings activities.”

Previously, McCraig held non-executive director roles in financial services, including three major insurance companies and a tier 1 metals broker and is also the Chairman of one of the UK’s top 100 charities. He has experience in risk, registration, audit, strategy, corporate governance and technology. McCraig has been a partner of both Deloitte and Ernst & Young, with executive positions at Clydesdale Bank and Prudential UK, as well as secondments in Nigeria and Mexico.

Malcolm McCaig, Independent Non-Executive Director at Masthaven Bank, said, “Masthaven is a leading specialist bank, and I am hopeful that I can make a positive contribution to the bank’s continuing development. The pandemic has increased the challenges facing all financial institutions, but beyond those challenges lie opportunities as the economy and the housing market recovers. Masthaven’s continued investment in its business, underpinned by its investment in risk management and conduct, illustrates the importance of doing the right thing and doing it well.”

Established in 2016 as a retail bank, Masthaven offers saving and lending products. The bank’s specialists aim to provide customers with flexible and fixed-term savings accounts, bridging loans, development finance and mortgages.

Recently, Masthaven Bank launched a fees-free remortgage range on its first charge residential two-year and five-year fixed remortgage products.

Masthaven

Malcolm McCraig

Masthaven Bank appoints Malcolm McCraig as independent non-exec director

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