Redwood Bank appoints Ashraf Piranie as chief financial officer
UK-based business bank for small and medium-sized enterprises (SMEs), Redwood Bank, has appointed Ashraf Piranie as its chief financial officer (CFO).
Ashraf Piranie joins Redwood Bank as CFO
Piranie brings more than 25 years of financial services experience to his new role, having worked in retail and commercial banking, across strategy, operations, customer service, change management, IT, risk, finance and treasury. He has also led and delivered long-term wholesale funding programmes and capital raising initiatives.
He joins Redwood Bank from the West Bromwich Building Society, where he served as group finance and operations director. Prior to that, he served as deputy chief executive and finance director at Nottingham Building Society for 10 years. Piranie was also deputy chairman and member of the Bank of England’s Prudential Regulation Committee (PRA) Practitioner Panel for six years.
Commenting on his appointment, Piranie says: “I believe there is strong opportunity in the UK for a modern bank to support the SME sector through application of technology and relationship banking. And Redwood is perfectly placed to be that bank.”
Launched in 2017, Redwood Bank offers business savings accounts, as well as secured SME mortgages for business owners and experienced commercial and residential property investors.
