Paragon Bank has appointed Oliver Powlesland (pictured) as senior relationship director in its development finance division.
Powlesland joined from Close Brothers, where he was a business development director in property finance for nearly 15 years.
His career has spanned over 25 years, including roles at RBS, Westdeutsche ImmobilienBank, Anglo Irish Bank, and Macquarie Bank.
In his new role, he will focus on expanding business opportunities in residential, Purpose-Built Student Accommodation (PBSA), and pre-let commercial sectors.
He will report to Neal Moy, managing director of Paragon Development Finance, increasing the number of relationship directors to 11.
Powlesland said: “I am excited to be joining Paragon Development Finance and working with Neal and the wider team to build on their success over recent years.
“Paragon recently hit £3bn of development finance lending, so it’s a business that has a clear desire to back SME housebuilders and property developers to deliver the homes the country needs.
“I’m looking forward to meeting both new and current clients to talk about future schemes across the country.”
Moy said: “We’re thrilled to welcome Oliver to Paragon Development Finance. Oliver has had a brilliant career to date and will be bringing with him a wealth of knowledge and experience.
“Paragon Development Finance is on an exciting growth journey and we’re continuing to build momentum with fantastic new team members joining and some great projects in the pipeline.”
