LHV Bank has promoted two members of its commercial lending team as it seeks rapid growth for the division.

Liam Grimes has been promoted from lending manager to senior portfolio manager, a newly created role reporting directly to Conor McDermott, director of small and medium enterprise (SME) lending.

Grimes joined LHV Bank in October 2024 and has played a key role in supporting the growth of lending during that period.

Jane Woodruff has been promoted from lending operations manager to senior operations manager.

She will report to head of lending operations Ryan Lunn.

Woodruff joined LHV Bank in September 2024 and has helped strengthen operational processes as lending volumes have increased.

McDermott says: “Since joining LHV in October 2024, Liam has made a significant impact on the SME lending team.

“As our loan book has grown tenfold to over £700m in less than two years, this new role reflects both the scale of our ambition and the strength of Liam’s contribution.

“His focus on supporting and overseeing our expanding portfolio will be key to ensuring we continue to grow in a sustainable way while maintaining the high standards our customers expect.”

Lunn says “Jane’s promotion is thoroughly deserved.

“Since joining LHV in September 2024, she has brought strong leadership and operational expertise to the team.

“Her commitment to delivering efficient, high quality processes has been instrumental in supporting the rapid growth of our lending business, and I’m looking forward to working with her in this expanded role.”