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Bradford & Bingley

Bradford & Bingley&#39s new group chief executive Steven Crawshaw is keen to improve operational efficiency while continuing to achieve growth objectives for the company.

He is adamant that it will be business as usual at B&B but says there are a lot of issues ahead, such as depolarisation, and he wants to give a clearer message of what the company&#39s path will be.

Despite concerns that have been raised about the sustainability of buy to let, Crawshaw says he is happy with B&B&#39s exposure to the market. He is also excited about the future of equity release but says B&B will not get involved in the home-reversion market.

He says B&B will look at opportunities for future acquisitions as they arise but is presently concentrating on bringing recent acquisitions such as IFAs Holden Meehan and Aitchison & Colegrave into the fold.

Crawshaw, who takes up the role on March 31, has been at Bradford & Bingley for five years and is currently in charge of the core lending and saving business. He previously worked at Cheltenham & Gloucester and Lloyds TSB.

Crawshaw says: “I am clear about our priorities in both the short and medium term and I am confident in our strategy. My immediate emphasis is to continue to achieve our growth objectives while improving our operational efficiency.”

Chairman Rod Kent says: “Steven is a first-class operator and is the natural successor to Christopher Rodriques. He knows the company and its businesses very well. He is already responsible for running the lending business, which increased gross new lending by 70 per cent last year and contributed over 80 per cent of group profits in 2003.”

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