Secure Trust Bank Appoints New CEO as McCreadie Retires
Company - People | Jun 17, 2025 | Business Cloud
David McCreadie, CEO of Secure Trust Bank, is retiring after a significant tenure, having led the company through a period of substantial growth and transformation. McCreadie will step down in August 2025, with Ian Corfield set to take over as CEO. Corfield brings extensive experience in financial services, having held senior roles at NewDay Ltd, Aussie Home Loans, and Bankwest, as well as an advisory position at HM Treasury. Under McCreadie's leadership, Secure Trust Bank has successfully increased its lending business from 2.2 billion to 3.7 billion, restructured its operations, and strategically positioned itself for future growth. The announcement of the leadership transition has positively impacted the company's share price. The transition aims to ensure consistent leadership and the continued execution of the bank's strategic objectives.
Sectors
- Financial Services
- FinTech
Geography
- United Kingdom – Secure Trust Bank is based in Solihull and is listed on the London Stock Exchange, making the UK the relevant geography for this leadership change and strategic development.
- Australia – Ian Corfield, the incoming CEO, has previously held positions in Australia with notable contributions to Aussie Home Loans and Bankwest, indicating a geographical influence on his career.
Industry
- Financial Services – Secure Trust Bank operates in the Financial Services industry, providing banking services and products, including lending. The industry is relevant due to the nature of the article which discusses leadership in a bank and the implications for business growth.
- FinTech – As a listed FinTech bank, Secure Trust Bank combines technology with financial services, making it relevant to the FinTech industry. This industry is pertinent as it involves advancements in financial technology and the delivery of innovative banking services.
Financials
- 3.7 billion – The current lending business size under McCreadie's tenure at Secure Trust Bank.
- 726p to 750p – The range of Secure Trust Bank's share price increase following the CEO transition announcement.
- 143 million – The market capitalization of Secure Trust Bank following the leadership change announcement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Secure Trust Bank | Target Company | Company | A listed FinTech and financial services provider based in Solihull, UK. |
| David McCreadie | Outgoing CEO | Person | Retiring CEO of Secure Trust Bank who has led the company through significant growth. |
| Ian Corfield | Incoming CEO | Person | Designated to become CEO of Secure Trust Bank, bringing extensive industry experience. |
| Jim Brown | Chair of Secure Trust Bank PLC | Person | Chair of Secure Trust Bank PLC, overseeing the leadership transition. |
| NewDay Ltd | Former Employer of Ian Corfield | Company | A financial services provider where Corfield was previously Chief Commercial Officer. |
| HM Treasury | Advisory Body | Government | Corfield served as an adviser to HM Treasury prior to joining Secure Trust Bank. |
| Flint Global | Employer | Company | A regulatory and competition advisory firm where Ian Corfield was a partner. |