26th October 2018

New CEO appointment at Hodge

We have appointed Steve Pateman to the role of Chief Executive Officer. Subject to regulatory approval, Steve will join Hodge in early 2019 taking over from retiring Managing Director David Austin.

Steve was previously CEO of Shawbrook Bank, where he led the company for almost 3 years. During this time it continued to achieve strong double-digit growth in balance sheet and revenues culminating in the ‘take private’ transaction with Pollen Street Capital and BC Partners.

Prior to his role at Shawbrook, Steve led the U.K. banking businesses of Santander and was responsible for building out Santander’s business and corporate banking activities. Before joining Santander, he had a number of senior management roles at Royal Bank of Scotland across its Corporate and Retail Banking Divisions.

Steve recently joined Bank of Ireland as a Non-Executive Director; he is Vice President of the Chartered Banker Institute and a member of Council. He also chairs the Advisory Board of Arora Hotels.

Commenting on his appointment, Steve said “I am delighted to be joining Hodge as it seeks to build on the strong foundations it has already laid in its retail and commercial banking and life assurance businesses. It has a unique ownership structure and ethos that is hugely attractive in terms of creating a sustainable business that then seeks to support those in the communities in which it operates. As a newcomer to the business, I am looking forward to learning more and to working with the team that has taken the group this far on its journey”.

As previously announced, David Austin is retiring from the group after a very successful 28-year tenure, first as Finance Director and for the last 20 years as Managing Director. On his pending retirement David said “The past 28 years at Hodge have been very rewarding and I’m looking forward to my retirement. Before that, I’ll be working closely withSteve to ensure a smooth transition in the New Year.”

Adrian Piper, Chairman of Hodge said “On behalf of the Board I extend our thanks and appreciation to David for his outstanding commitment and leadership over almost three decades. We wish him well in his upcoming retirement. We’re delighted to welcome Steve to Hodge and the Board is very much look forward to working with him.”