Malgwi is tasked with developing relationships with brokers and the bank’s core customer base, he will also help Afin shape its new high net worth proposition.

Malgwi began his career with Guaranty Trust bank in Nigeria before moving to the UK.

After roles in the UK with the Royal Bank of Scotland, Friends Life and Aldermore, he joined private bank and wealth manager Arbuthnot Latham where he spent nearly seven years supporting high net worth customers. He will draw on his experience in this area to help build Afin’s Premier proposition, scheduled for launchsoon.

Commenting on his appointment Malgwi said:  “I love the vision of Afin Bank and I understand the people we want to help, because it’s my story. I am one of those people who left their place of origin and made this country their home.

“I have friends who are doctors, IT professionals and engineers, all good income earners offering so much value to the UK, but who have found it hard to get a mortgage because of circumstances such as their visa status or credit history. They want to get on the property ladder and build a home in the UK.”

Malgwi says much of the problem stems from a lack of understanding within mainstream banks of the challenges faced by foreign nationals living and working in the UK.