HBOS executives to join Oakwood

Oakwood has already launched a number of financial services businesses including One World Leasing Limited and Spanish Mortgage Direct SL in Spain.

Mike Culhane, Chief Executive of Oakwood, said:

“I am delighted that these individuals have agreed to join Oakwood. I know Michael well, having worked with him at Future Mortgages and the others all have extremely impressive individual track records. They are valuable additions to the Oakwood team and will make a significant contribution to the company’s future growth.”

Oakwood was set up in 2002 by Mike Culhane and Redstone, an asset management firm based in Houston, US. Mike Culhane previously founded and served as Chairman of Future Mortgages, which was sold to Citigroup in 2001. He also founded Pepper Homeloans in Australia in 2001.