Wyelands Bank has appointed Stephen Rose as deputy chief executive officer and Rachelle Frewer as chief financial officer.

Rose will focus on the bank’s operations to help it grow and aims to ensure it meets the needs of depositors and business finance customers.

Commenting on his appointment, Rose said: “Wyelands Bank plans to accelerate expansion this year as part of its commitment to help more industrial businesses to unlock growth.  I’m looking forward to working with a dedicated team to help customers with innovative and tailored finance.”

Rose is a chartered accountant with over thirty years’ experience working in senior finance and change roles across banking, insurance and asset finance.

Frewer is focusing on the financial performance of the bank and aims to ensure services are scalable while also increasing the bank’s asset base to help customers trade, grow and create jobs.

Rachelle Frewer, chief financial officer at Wyelands Bank, said: “We will support more businesses by ensuring we focus on what our customers need.  I’m looking forward to working closely as part of the executive team to help drive growth and ensure the financial performance of the bank.”

Frewer has over twenty years’ experience in the financial sector holding positions in finance, treasury, corporate affairs and risk in global financial institutions like HSBC.

The appointments are part of the bank’s strategy to help manufacturing and industrial businesses.

Lending assets to April this year at Wyelands Bank rose 44% to £434m with total lending volumes through the last financial year approaching £1bn.

Customer’s deposits increased to £276m to the end of April this year, an increase from £506m last year.

Iain Hunter, chief executive at Wyelands Bank, said: “As a bank, we get to know our customers, giving them direct access to decision makers to help them to trade, grow and create jobs.  Stephen and Rachelle’s appointments are a very real demonstration of that commitment, complementing and strengthening our executive team.”