Hodge Bank has appointed Richard Saulet as chief executive, replacing David Landen who is stepping down after 24 years in the business and six as CEO.

Saulet brings with him a range of valuable experience across more than 25 years in the financial services industry having built and run successful commercial and mortgage lending businesses.

He has managed product and marketing functions and delivered transformation and technology programmes.

Most recently, Saulet served as Metro Bank’s chief commercial officer, as one of the executive committee. He was responsible for running change and product, product management and pricing, strategy, marketing and business analytics.

Prior to this he has held senior roles with Virgin Money, RBS and Barclays.

Commenting on his appointment, Saulet says: “I’m really looking forward to getting started and getting to know the Hodge team in the coming weeks. With its unique ownership structure and commitment to supporting the communities in which it operates, Hodge offers a new and exciting challenge.”

“Having met with the Board and Executive Committee, I am looking forward to continuing to fulfil Hodge’s purpose of using finance for good and providing financial solutions in the moments that matter.”

Hodge Bank board chairman Graeme Hughes adds: “On behalf of the Board, I’d like to thank David for his outstanding commitment to Hodge in the past 24 years and his leadership as CEO in the past six. We wish him the best of luck for the future.”

“We’re all excited for Richard to join us. The breadth and depth of his experience in the industry make him an ideal fit for Hodge, given the key strategic aspects of our business. Richard will join us with a strong grasp on what we are aiming to achieve, as well as new perspectives on how we can accelerate our route to success.”