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Aldermore announces Mark Stephens as Group Commercial Director and Paul Johnson as Chief Information Officer

POSTED: 6th June 2013
IN: Newsroom
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Aldermore, Britain's leading challenger bank, today announces that Mark Stephens has been appointed as Group Commercial Director and Paul Johnson has been appointed as Chief Information Officer.

Mark is currently Deputy Chief Executive Officer and Group Managing Director of Aldermore's Mortgages division. His appointment to Group Commercial Director will see his remit expand to include Invoice and Asset Finance both of which are vital sources of financing for SMEs, as well as the two Mortgage Businesses and Property Development. Mark has been with Aldermore since it began operating in May 2009 and has over 30 years' experience in financial services.

Paul joins Aldermore from Lloyds Banking Group where he was Global Head of IT Cost Management, before that he was Head of IT Central Functions and the IT COO for Lloyds' Wealth Management and International businesses. Prior to working at Lloyds, Paul was European Chief Information Officer of GMAC's Auto Finance business. Paul has extensive experience of delivering technology and business change and will lead Aldermore's on-going technology growth and development. He will report to Aldermore's Chief Operating Officer Paul Myers.

Commenting on today's announcement, Phillip Monks, CEO of Aldermore, said: "I am delighted that we are announcing these two executive appointments.

Mark has worked with me at Aldermore since its inception and has played a crucial role in growing the bank to where we are today. With his increased responsibilities and the alignment of our Mortgages and Commercial Finance business lines, I am confident we will continue to grow and deliver very compelling propositions to support UK SMEs and households.

I'd also like to welcome Paul to Aldermore - he will play a vital role in terms of our on-going technology growth and development. As a new bank we are unencumbered by legacy IT systems and so Paul will ensure that we continue to deliver industry-leading technology that properly supports our commercial businesses."

**Ends**

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