Finance industry veteran and Shawbrook Bank co-founder, Philip George, has joined MSP Capital as a non-executive director.
The move comes as part of the firm’s strategic growth initiative and follows George’s stint as a consultant for the company over the past year.
This appointment is the latest in a series of expansions at MSP Capital, including the creation of two director roles, four new associate director promotions, and securing a £100m development funding facility with Pollen Street Capital.
George, who played a pivotal role in the success of Shawbrook Bank as its managing director from 2011 to 2019, is looking forward to contributing to MSP Capital’s future.
He said: “As the best specialist property lender in the market, MSP Capital is a great business with a superb management team and a very exciting future. I am really looking forward to the next leg of MSP Capital’s impressive journey.”
MSP Capital’s managing director, Martin Higgins, welcomed George to the board. He stated, “To be able to attract someone with Philip’s extensive experience and knowledge is brilliant for us and evidence that our efforts to strengthen our presence are working.
“His background, skills, and insight into specialist lending will be of particular value to our future strategy. I have every faith that he will be an invaluable addition to the MSP Capital board.”
George brings with him five decades of experience in the finance industry, beginning his career at First National Bank in 1973.
During his tenure at Shawbrook, he oversaw secured lending, asset and wholesale finance, and consumer lending. After leaving Shawbrook in 2019, he pursued roles on the boards of other finance businesses, including Equifinance and Arkle Finance.
At MSP Capital, George will join fellow finance industry expert Richard Rowney on the board. The company offers development and bridging finance ranging typically from £75,000 to £20m.
