Morpheus Lending has appointed Gerald Grimes (pictured) to its board as a non-executive director, with plans for him to become group chairman in the coming months.
Grimes brings nearly 35 years’ experience in financial services and has held senior roles such as managing director at Hitachi Capital and group CEO at Together.
His previous non-executive work includes six years on the board at the Financial Conduct Authority (FCA).
Grimes said: “The specialist lending sector has been crying out for innovation for years, and Morpheus is addressing this by combining market-leading technology with genuine human experience.
“I’ve been following the Morpheus journey since the start and have been incredibly impressed by their new approach to tackle the issues stakeholders face in the mortgage industry.
“I’m thrilled to join the business at this exciting time and use my experience to further enhance its board and senior leadership team.”
Matt Mawdesley, founder and CEO at Morpheus, said: “On behalf of the entire team, I’m proud to welcome Gerald as an investor and chairman.
“Having worked with him previously, I know firsthand the immense value he brings to businesses as they scale and mature their operations.
“As we enter our next phase, completing institutional funding lines and investing further in our technology and customer proposition, Gerald’s insight will be invaluable.”
