Assetz Capital has appointed four senior executives to its board as it seeks to strengthen its management team for the next phase of growth.
CEO and co-founder Stuart Law (pictured, right) will continue to lead the company, with newly appointed board members including Andrew Fraser (pictured, centre left) as chief commercial officer, Irene Thomas (pictured, centre) as chief operating officer, Mark Wardrop (pictured, centre right) as chief financial officer, and Tim Harper (pictured, left) as chief credit officer.
Dave Allanson will remain as non-executive director.
The announcement followed the decision of managing director Andrew Charnley to step down to pursue other opportunities.
Assetz Capital, headquartered in Manchester, has shifted to being fully institutionally funded and expects to achieve pre-pandemic lending levels, with an anticipated £30m of new lending per month in the coming year, supporting SMEs in property development.
Law said: “It is encouraging to see our lending returning to pre-pandemic levels and this reflects the expertise that we have in supporting SME house builders and property investors in accessing vital funds.
“Our board appointments mark a significant milestone for our leadership team.
“Each of these individuals have played an integral role in our journey so far, and their contributions will be even more valuable as we move into our next phase of growth.
“We really appreciate Andrew’s contributions and leadership.
“He’s been instrumental in navigating the business through a pivotal phase, and we wish him the best in his future endeavours.”
