Finova, a UK-based provider of mortgage and savings software, has announced new leadership appointments, including a CEO and Chief Product Officer (CPO). These changes come four months after Bain Capital Tech Opportunities (BCTO), the technology investment division of Bain Capital, completed the acquisition of Finova and Iress’ UK Mortgage Sales and Originations (MSO) business in August.
Following the acquisitions, BCTO merged the two businesses into a single unified entity. Finova stated that Paraag Davé, who has served as its executive chairman for the past year, has now been officially appointed CEO of the “enlarged Finova group.” The company highlighted Davé’s critical role in facilitating the merger.
Additionally, Rowan Clayton, who has been with Finova for 14 years in various capacities, including product principal and product director, has been promoted to Chief Product Officer.
The newly merged Finova group recently launched its Finova Broker brand, aimed at the UK intermediary market. The company claims to support nearly one in five mortgages in the UK and manage £50 billion in mortgage originations annually.
Have you read?
Most Heavily Armed Tanks Ever Built By Russia.
Countries with the most F-15 Eagle fighter jets.
Countries with the Most F-35 Lightning II Stealth Fighter Jets.
The Role of Chief Artificial Intelligence Officers (CAIOs) – Are They Needed and What Impact Can We Anticipate?
5 Ways to Ensure You Have Cash Flow When Starting a Business.
Bring the best of the CEOWORLD magazine's global journalism to audiences in the United States and around the world. - Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2025 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
