finova Strengthens Leadership with New Director Appointment

Portfolio - People | Mar 04, 2025 | Business Cloud

finova Strengthens Leadership with New Director Appointment

finova, a leading cloud-based mortgage and savings software provider, has strengthened its leadership team by appointing Sebastian Mrotzek as the new director of operations. This strategic appointment highlights finova's commitment to enhancing its operational standards and supporting its network of nearly 70 live lenders. Mrotzek, who joins from Redwood Bank where he held roles as director of operations and chief information technology officer, will spearhead managed services, operational resilience, and security & risk initiatives. His expertise in cybersecurity and compliance strategies is expected to be pivotal as finova navigates its growth journey, which involves originating over £50 billion in mortgages annually. Richard Marsh, COO at finova, emphasized the importance of investing in risk and security, expressing optimism about Mrotzek's contribution to finova's operational integrity and client success.

Sectors

  • FinTech
  • Mortgage and Savings Software

Geography

  • United Kingdom – finova is based in London, indicating its primary market and operational hub are in the UK.

Industry

  • FinTech – The article discusses finova, a company operating within the financial technology sector, focusing on mortgage and savings solutions.
  • Mortgage and Savings Software – finova specializes in cloud-based software solutions for the mortgage and savings industry.

Financials

  • £50 billion annually – The value of mortgages originated by finova's network of lenders each year.

Participants

NameRoleTypeDescription
finovaTarget CompanyCompanyfinova is a cloud-based mortgage and savings software provider based in London.
Sebastian MrotzekDirector of OperationsPersonFormerly with Redwood Bank, Mrotzek has been appointed as director of operations at finova.
Redwood BankPrevious EmployerCompanyA UK-based bank where Sebastian Mrotzek served in various leadership roles.
Richard MarshCOO of finovaPersonThe Chief Operating Officer at finova working closely with Mrotzek.