She succeeds April Talintyre, who said she would retire in November and steps down from the board at the firm’s annual meeting on 9 May.  

Hyde joined the FTSE 250 lender as deputy chief financial officer in September 2022, with her appointment coming after a “comprehensive search process, both internally and externally,” the firm says in a stock market statement.  

She will also become an executive director of the business, with both roles subject to regulatory approval.  

OSB contains a range of brands including, OneSavings Bank, Kent Reliance and Charter Court Financial Services.  

Prior to OSB, Hyde worked at Barclays for 21 years in a variety of roles that covered product control, treasury finance, financial planning and analysis.  

OSB chief executive officer says: “I am very much looking forward to working with Victoria who, in her short time at OSB, has already made a positive impact on our business, including bolstering resources in the finance function to embrace the next phase of growth for the business.   

“I would also like to take this opportunity to again thank April for her valuable support and to wish her all the best for the future.”  

Hyde adds: “Since I joined OSB Group as a member of the executive committee over a year ago, I have worked closely with Andy and the board, and I am very positive about the opportunities ahead for the group.”  

Last month, OSB posted new lending down 19% to £4.7bn in 2023 compared to a year ago, due to “difficult mortgage market conditions and subdued purchase activity”.    

It pointed out that “rising costs of living and borrowing were reflected in subdued purchase activity across all mortgage market sectors,” in its full-year results statement.    

But the group expects underlying net loan book growth of around 5% in 2024, based on current application volumes and against the backdrop of a lacklustre mortgage market.