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Deutsche Bank veteran joins mortgage start-up

The former chief operating officer of Deutsche Bank, Henry Ritchotte, has joined MortgageGym as a company adviser.

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MortgageGym, a regulated mortgage robo-adviser, allows homebuyers to complete an online application in 15 minutes through a website offering eligibility matching within 60 seconds and an online digital advisor community.

 

Since leaving Deutsche Bank earlier this year, Ritchotte has been making early stage investments in financial services firms with a focus on disruptive regulatory and technology-driven business models. He has also invested £500,000 in MortgageGym.

 

He has more than 24 years of experience in the investment banking and financial services industries and most recently held the role of head of digital bank at Deutsche. Prior to that he worked as the bank’s chief digital officer and chief operating officer amongst other roles.

 

He has also held roles at Credit Suisse First Boston, the former investment banking arm of Credit Suisse, as well as working for Recof Corporation and Merrill Lynch.

 

Ritchotte said: “I am keen to support ambitious young firms focussed on transforming the delivery of financial products in a disruptive regulatory and technology environment.

 

“MortgageGym has been carefully designed in consultation with regulators, consumers, lenders and intermediaries to ensure that it provides mortgage applicants with peace of mind by advising them on mortgages that they can realistically afford.”

 

Mortgage Gym, launching this summer, is the headline sponsor of Credit Strategy’s Mortgage Conference taking place in London October 30.

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