Alan Cleary

Alan Cleary named new group MD of combined Charter Court and OSB

The merger between OneSavings Bank (OSB) and Charter Court Financial Services Group has been completed.

Alan Cleary (pictured above), who served as managing director at Precise Mortgages, has been named group managing director of the combined group, which will now set out to create a leading specialist mortgage lender in the UK.

It hopes to offer an enhanced proposition to customers, brokers and distribution partners with its greater scale and resources.

It has been revealed that all the group’s brands — Precise Mortgages, Kent Reliance for Intermediaries, InterBay Commercial, Heritable and Prestige Finance — will remain separate.

Alan said: “We’re very pleased today to announce the completion of the combination of OneSavings Bank PLC with Charter Court Financial Services Group.

“Intermediaries have always been at the very heart of our propositions and I’d like to take this opportunity to reassure brokers that operationally they’ll notice absolutely no change.

“It will be business as usual with all the brands of the new group remaining committed to the intermediary market.”

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