Ashman Bank has appointed Simon Proctor as head of credit risk.

Proctor joins from Al Rayan Bank where he also worked as head of credit risk with oversight of the bank’s risk management framework. 

He brings more than 25 years of experience in financial services to Ashman Bank, having previously worked in senior positions at Barclays, GE Money, Deutsche Bank, Aldermore Bank and Paragon Bank. 

Based in Ashman Bank’s Birmingham office, Proctor will oversee the bank’s lending portfolio and provide input into the process for approving and renewing intermediaries on the bank’s panel.

He will also be directly responsible for detailed assessments of any complex customers and commercial lending propositions. 

Proctor’s appointment follows the hiring of chief financial officer Matt Cowan and senior relationship director Neil Molyneux. 

The bank was awarded its UK banking license in June, which means it has been authorised and regulated to trade with restrictions by the Financial Conduct Authority and Prudential Regulation Authority.

Ashman Bank chief risk officer Lisa Fergus says: “Simon is a critical hire for Ashman, bringing incredible experience to the team that will ensure we can realise our growth ambitions in a way that prioritises the customer’s experience while still maintaining a responsible lending approach.”