Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Afin Bank Appoints Simon McClean as Head of Treasury and Regulatory Reporting

Simon McClean has joined Afin Bank as head of treasury and regulatory reporting. McClean brings over 35 years’ experience in financial services to the role.

McClean previously served as head of treasury at FCMB Bank and has held senior treasury positions at the Bank of London, Wesleyan Bank, Al Rayan Bank, and Commerzbank. At Afin Bank, he will oversee the continued development of the bank’s financial strategy.

Afin Bank provides residential and buy-to-let (BTL) mortgages to borrowers who are under-served by mainstream lenders. This includes self-employed individuals, qualified professionals, high-net-worth customers, and foreign nationals working in the UK on valid visas. The bank also offers a range of Financial Services Compensation Scheme (FSCS)-protected fixed-term savings accounts.

Charles Resnick, CFO at Afin Bank, stated that McClean’s experience in both start-up banks and larger organisations will support the growth of the bank’s treasury capabilities and ensure ongoing compliance with reporting requirements. Resnick also noted that McClean and the finance team will play important roles as Afin Bank develops new products for its lending and savings propositions.

For UK letting agents and inventory clerks, Afin Bank’s focus on buy-to-let mortgages for under-served borrowers may present new opportunities for clients who have previously faced challenges securing finance from mainstream lenders.