Specialist lender StreamBank appoints new CEO

Specialist property lender, StreamBank, has appointed Mike Kirsopp as its new chief executive officer.

Mike will succeed Jean-Pierre Flais who has held the position of interim CEO since the end of 2023.

Mike brings over 35 years’ experience in financial services with extensive experience in start-up and property banks, having most recently served as the board chair of GB Bank, and previously as CEO of Cambridge & Counties where he was part of the founding team.

Mike has served as a non-executive director at StreamBank since 2021.

StreamBank specialises in both regulated and unregulated bridging finance, offering short-term financing of up to £5m with terms of up to 24 months.

Last year, Roz Cawood joined the Bank as managing director of property finance.

John Reed, chairman at StreamBank, commented: “I would like to express my appreciation to Jean-Pierre for his leadership and support in keeping the Bank running smoothly over the last few months in preparation for Mike’s appointment.

“I am delighted that Mike has agreed to join StreamBank in an executive capacity. His knowledge and understanding of our markets are invaluable as we strengthen our market position, our brand, and our offering over the next few years. As the business continues to develop, we want to ensure we have an experienced industry leader in place to accelerate our growth plans. In Mike I believe we have that person.”

StreamBank founder and owner, Alex Pusco, said: “with Mike’s experience in our chosen markets and passion for delivering customer focused solutions, I’m confident he will be able to guide the Bank through the next stage in their growth plans from a position of continuity and deep understanding of our purpose - to serve specialist property customers, through the combination of experience, judgement and desire to find a solution.”

Mike Kirsopp added: “It is tremendously exciting to return to the front line supporting our builders, developers and property specialists who are so important to our economy. I have watched the StreamBank team create and build a great business which continues to grow strongly towards its second year of trading, and I feel very privileged to have the opportunity to join such a successful team at this point in the Bank's development.”