Stephen will be taking over from founding member, Paul Kalinauckas, who retired at the end of March.
He has been finance director and a member of the senior leadership team at the not-for-profit lender for the past six years.
As finance director, Stephen was instrumental in securing over £40m in funding to support to businesses across the West Midlands that were unable to access finance from traditional lenders.
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“We are starting the new financial year bolstered by a record period of lending that saw us deliver over £9 million to businesses in the West Midlands,” said Stephen.
“We are also aware of the challenging environment in which we find ourselves currently due to the coronavirus pandemic.
“As ever, we remain committed to our mission to leave no viable business unsupported, which is why we are working tirelessly to launch the Coronavirus Business Interruption Loan Scheme (CBILS) as an accredited lender through the British Business Bank.”
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