Raisin UK has introduced a £100 welcome bonus for new customers opening a fixed rate bond ahead of the Government’s Autumn Budget. The bonus is set to boost returns to the equivalent of 5.33% AER. Until 30 September, new customers opening a fixed rate bond of 12 months or longer with a minimum deposit of £10,000 will receive a £100 bonus. The current leading one-year fixed bond on the Raisin UK marketplace is from Shawbrook Bank at 4.33% AER, meaning that a £10,000 deposit generates £433 in interest. Adding the £100 bonus and the return increase to the equivalent of 5.33% AER.

Tippie Malgwi has been appointed as business development director at specialist lender, Afin Bank. As part of the role, the former private banker will develop relationships with brokers and the bank’s core diaspora customer base, and will also help Afin shape its new high-net-worth proposition. Malgwi started his career with Guaranty Trust bank in Nigeria, before moving to the UK to work at firms including Royal Bank of Scotland, Friends Life and Aldermore. He then went on to join the private bank and wealth manger, Arbuthnot Latham, where he spent nearly seven years supporting high-net-worth customers, rising to the position of private banker. Malgwi will use this experience to help build Afin’s premier proposition, which is due to be launched soon.

Primis has appointed Jade Clayton has its new regional sales director for the South West. She has worked at the firm for the past four years, first as an area supervision manager for the Midlands, and most recently as recruitment development manager. Prior to this, Clayton worked as a mortgage broker for six years. Primis said that she brings a breadth of knowledge and expertise to the role, replacing Claire Madge who recently moved over the firm’s appointed representative, Embrace. Clayton will report to the firm's new sales director, Neil Hoare, who has also joined the firm from HL Partnership, where he served as commercial director.

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