Nottingham Building Society has appointed Praven Subbramoney as chief lending officer. Reporting to chief executive Sue Hayes, Subbramoney will lead the development and delivery of The Nottingham’s lending strategy and mortgage proposition driving innovation, transformation and growth as well as focusing on improving service to brokers and customers.
Since 2008, Subbramoney has held a series of executive leadership positions within First National Bank South Africa, part of First Rand Group, which is one of Africa’s largest financial institutions.
His most recent position there was chief executive officer of secured lending and private bank lending.
As chief lending officer, Subbramoney will lead The Nottingham’s mortgage business, including proposition development, mortgage operations teams and sales teams, with a remit to innovate and transform its mortgage proposition and improve service to brokers and their customers.
Nottingham’ Building Society Sue Hayes comments: “Praven’s extensive experience in the mortgage sector – including in leading digital transformation, will be immensely valuable to The Nottingham. We had a strong year in 2022 and we recognise that the housing market and lending landscape is continually evolving – we want to enhance our mortgage proposition and innovate for the future”.
She adds: “Praven will be central to delivering our strategic aims of transforming the experience for brokers and their customers and innovating our proposition to help as many people as possible own their own home. This has been our guiding principle as a mutual for over 170 years and continues to drive us forward today.”
The appointment of Subbramoney marks another key addition to The Nottingham’s mortgage team, following a number of high-profile industry hires.
The company hired Christie Cook in the newly created role as Head of Mortgages in Spring 2022 and Intermediary Sales Director Alison Pallet from LiveMore at the end of last year.
