Tandem Bank has made its first charge gross sales workforce redundant following the choice to cut back its lending offering.
The announcement was made in a LinkedIn put up by the financial institution’s mortgage division gross sales and distribution director Roger Morris, who’s among the many workforce to have been made redundant.
Morris mentioned the choice to cut back the financial institution’s first charge lending was made by the lender’s board final week.
“There’s all the time disappointment when a journey is lower quick, however I do know our academic webinars garnered the eye of 1000’s of mortgage professionals, highlighting the rising want for schooling beneath Consumer Duty,” Morris mentioned.
Richard Angell, Mark Shelper and David Venn have been additionally among the many workforce to lose their positions on the lender, with Morris including they have been “an incredible group to steer.”
He urged members of the business to think about the members of the workforce for brand new positions, stating they’re “distinctive gross sales individuals.”
Morris is a widely known determine within the mortgage business and labored with the OSB Group for greater than 10 years earlier than becoming a member of Tandem Bank.
