Gatehouse Bank Executive Committee Changes

LONDON – 3 July, 2017: Gatehouse Bank plc is pleased to announce the following changes to its executive committee. Paul Stockwell is being appointed as Chief Commercial Officer, with effect from 3rd July 2017. Danesh Mahadeva has been promoted to Chief Financial Officer, on 1st July 2017.

Paul joins from TSB Bank and brings with him extensive experience of property risk including commercial, residential and recoveries. Prior to TSB, Paul was with Aldermore Bank, a specialised lender in the UK, where he was responsible for all property development, commercial and residential property lending risk and valuation. Paul has over 20 years of real estate and finance experience. His contribution to Gatehouse Bank will be invaluable as the bank moves into its next stage of growth.

Danesh was previously Vice President, Head of Finance at Gatehouse Bank and was responsible for managing the finance function. He has been an active member of key governing committees of the Bank and has closely worked with the Board in developing the bank’s strategy and financial planning. Danesh replaces Twalha Dhunnoo as Chief Financial Officer.

Charles Haresnape, Gatehouse Bank’s CEO said:

“I am delighted that Paul is joining the bank, bringing significant experience which will help during our next phase of growth. Paul’s experience will benefit the bank in both its commercial and retail activities. The appointment of Danesh is particularly pleasing as he has progressed within the bank and therefore brings consistency to that important role.”

Paul Stockwell said:

“It is great to be able to contribute to Gatehouse Bank and play a significant role in its next stage of growth”

Danesh Mahadeva said:

“I am proud to have been promoted from within Gatehouse Bank and to play a key part in the exciting new strategy for the bank.”