Shawbrook has confirmed that David Johnson, managing director of secured lending since the bank launched in 2011, and a pioneer in the secured and commercial lending industries, passed away on 6 July.
Johnson is widely acknowledged as the creator of the specialist mortgage industry and had a long and glittering career which included the creation of i-Group, Money Partners, commercial First and Link Loans as well as Shawbrook Bank.
He was also a passionate and successful racehorse owner, the pinnacle of which was winning the Grand National in 2008.
Ian Henderson, chief executive of Shawbrook Bank, said: “David’s career in the UK secured lending industry spanned more than 40 years and his experience and wisdom was key in setting up Shawbrook Bank with The Special Opportunities Fund managed by RBS equity in 2011.
“David was an inspiration to us all and he played such an important role in making Shawbrook the success it is today. His leadership of the secured lending business was admired by many as was his ability to predict changes and opportunities in the secured lending business as a whole that has enabled it to have the scale it does today.”
Henderson added: “David has touched so many lives on a personal level and across the worlds of finance and horse racing where he achieved so much success. He will be greatly missed by everyone who knew him and we all feel privileged to have known and worked with him.
“Our thoughts and heartfelt sympathies go to David’s family for their sad loss at this very difficult time.”
Throughout his career Johnson won many industry awards and accolades most recently a Lifetime Achievement Award from bridging and Commercial in June 2013.