Close Brothers Property Finance chief exec Pennal to retire in January Mortgage Strategy

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“Phil’s appointment represents a strong handoff on a high-performing business, which plays a critical role within the group. His depth of knowledge and experience in the sector means he is expertly positioned to take up the mantle and drive further growth in the years ahead.”

Pennal says: “It has been a great privilege to work alongside such a hardworking and dedicated team. In some ways the business is very different to the one I joined, but the collegiate environment, commitment to strive for excellence and emphasis on building long-standing client relationships, is still very much at its heart.”

“Phil has excellent knowledge of the property finance market, impressive strategic capabilities and I have every confidence that the Close Brothers Property business will continue to excel under his leadership.”

Hooper says: “I am incredibly proud to take on the role of CEO from Frank and I’m looking forward to leading the business’ next phase of growth, while remaining true to the values that have underpinned Close Brothers’ business model for more than 125 years.”


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