Shawbrook has announced the departure of Karen Bennett, managing director of commercial property.

With nearly two decades of experience in the mortgage industry, Bennett decided to step down from her role to pursue other career opportunities.

Ian Cowie, interim chief executive officer at Shawbrook, described Bennett as instrumental to the growth of the profitable commercial mortgages business.

“She will remain in the business while we search for her successor, a process we have already begun, and we will continue to build on the strong foundations that have been lid down with a strong management team,” he added.

Bennett worked in a number of senior management positions before successfully fulfilling her position as managing director.

“I will leave this business thankful for everything I’ve learnt and all the amazing memories but also as a true supporter who will be watching avidly the success I know this business will be,” she said.