Momenta Finance today announces that Luke Jooste is stepping down as Chief Executive Officer to take on a new role as Managing Director of Business Finance at Secure Trust Bank.
During his tenure, Luke played a pivotal role in shaping Momenta Finance’s growth strategy, solidifying its position as a leading provider of business loans, property finance, and asset finance solutions for UK SMEs. The Company is pleased to confirm that following his departure, Luke will continue to contribute to Momenta in a Non-Executive Director capacity.
Momenta is entering an exciting new phase and remains fully committed to its ambitious growth plans. With the strong backing of its shareholders and lending partners, the business is well-positioned to accelerate its expansion and continue delivering outstanding financial solutions for UK SME’s. To ensure a smooth transition, Jonathan Stern has been appointed Interim CEO, effective immediately, while the Board of Directors undertakes a comprehensive search for a permanent successor.
In addition, the Board will be further strengthened with the appointment of principals from its two anchor shareholders, reinforcing governance and demonstrating their long-term commitment to Momenta’s success. With strong funding lines, a best-in-class technology platform, and an exceptionally talented team, Momenta is poised for a dynamic future. This leadership transition marks an exciting opportunity to build on Momenta’s strong foundation and unlock new avenues for growth,innovation and long term success.
Momenta extends its gratitude to Luke for his invaluable contributions and wishes him every success in his new role. Momenta looks forward to maintaining a strong professional relationship with both him and Secure Trust Bank in the future.
London, 3 March 2025
