Senior financial chief pulls out of key appointment due to ‘personal reasons’

David Broadbent will not take up the role of divisional CEO of Together Personal Finance, the Cheadle-based finance specialist announced this afternoon (May 10).

In January this year the group announced the appointment, to replace Pete Ball, who was due to leave the business in spring, after seven years with the company.

However, in a stock exchange announcement this afternoon (May 10), the group said: “David Broadbent will not be taking up the role of divisional CEO of Together Personal Finance Limited for personal reasons.

“Paul Wilson (Together Personal Finance CFO) will undertake the CEO duties on an interim basis. We will now commence an exercise to identify a permanent appointment.”

Mr Broadbent has more than 25 years’ experience in financial services.

He was selected by Together to head up all aspects of personal finance lending for the group, which has a total loan book of £6.6bn.

He was due to join the group in March, subject to approval by the Financial Conduct Authority (FCA).

In January he spoke about his excitement at the appointment, saying: “I’ve known the business for some time as a lender which challenges and disrupts the status quo, and have been really impressed with its growth to become one of the UK’s biggest non-bank lenders.”

He was due to join Together from AIM-listed LendInvest, where he was Chief Financial Officer.

He was previously co-founder, CFO and Deputy CEO at Bank North, where he played a key role in launching the challenger bank.