Financial services company Hodge has named David Landen as its new chief executive officer, with immediate effect.
Having joined the bank in 2002, Mr Landen is one of the company’s longest serving staff members, and has held several roles. He was appointed to the board as chief finance officer in 2011 and as interim chief executive officer in March 2020.
Mr Landen said: “It is a huge honour and privilege to be asked to lead Hodge during such an important time. Hodge has a fantastic heritage built over the last 60 years and with its unique ownership structure it enables us to build a sustainable business founded on our commitment to our customers.
“With careful planning and a responsible strategy, I believe we cannot just respond to the challenges created by Covid-19, but really thrive in the new environment.
"I have a clear vision, focusing on Hodge’s strengths as a specialist lender and savings and annuities business; delivering for our customers through designing great products and providing fantastic customer experiences with Hodge colleagues being key to this success.”
Graeme Hughes, chairman of Hodge, commented: “David has been interim CEO during some of the most challenging times for the business and the economy. His clear and strong leadership throughout 2020 has demonstrated to the board that there is no one better placed to step into this role than David."
The group’s Hodge Bank brand offers services to private and commercial clients, while its Hodge Lifetime brand specialises in later life lending and annuities.
In May the lender launched a broker portal, which it described as a “significant step forward” for the company, alongside an overhauled intermediary website.
Last year it also launched a retirement interest-only mortgage with a fixed rate for life, a first for the UK mortgage market.
chloe.cheung@ft.com
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