New lender StreamBank has hired Roz Cawood, as its managing director, property finance, as part of its plan to notch up £100m in revenues and assets by the end of the year.  

Veteran Cawood will head the bank’s sales team, which focuses on short to medium-term loans of between £250,000 and £5m, initially in bridging and development finance as well as commercial mortgages and deposit products.  

The business says its lending is aimed at property developers, small- and medium-sized businesses, individuals, and housebuilders.  

Cawood, who has worked in the industry for more than 25 years, joins from Hope Capital, where she was director of sales for just over two years.  

Prior to that, she was head of sales at Masthaven Bank for almost six years, leaving in 2021.  Earlier in her career, she was head of business development at L&G Network for almost four years, leaving in 2013.  

StreamBank received its full banking licence from the Prudential Regulatory Authority and Financial Conduct Authority in February.  

It is owned by trading platform ActivTrades owner Alex Pusco, and chaired by John Reed with Steve Pateman as chief executive.  

Pateman says Cawood “has extensive and relevant experience as we seek to position StreamBank as a provider of innovative solutions to customers looking for bridge, development and other forms of property finance”.   

He points out: “We have made good progress in building our balance sheet since we obtained our full banking licence in February and would expect to break the £100m barrier by the year-end”.  

Cawood adds that she “looks forward to growing its [StreamBank’s] profile and building its reputation in the specialist property finance market”.