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Peer2Peer Finance News | August 15, 2018

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Sancus hires ex-Handelsbanken executive for credit role

Sancus hires ex-Handelsbanken executive for credit role
Kathryn Gaw

SANCUS Finance has appointed a former Handelsbanken executive to its credit team, as the company expands its business across the UK and Ireland.

Neil Harrington (pictured) has joined the alternative lending firm as senior credit manager, from his previous role as corporate banking manager at Handelsbanken, where he focused on the credit risk management of small- and medium-sized enterprise corporate clients.

“I was delighted to accept the role offered at Sancus,” said Harrington. “The opportunity to work for a finance provider away from the mainstream banks, in such a dynamic space really appealed to me. I feel that I can bring great value to the team. The positive attitude and speedy client delivery is what initially drew me to Sancus and I’m delighted to now be part of the [Sancus BMS] Group.”

Read more: Sancus Finance hits £200m business funding milestone

The Sancus BMS Group owns the Sancus Finance and Sancus Funding peer-to-peer lending platforms. The group itself is owned by the Aim-listed GLI Finance.

Earlier this year, the group said that it was aiming to have lent at least £1bn by the end of 2020, thanks to a proposed expansion into the Irish lending market. The firm is already active in the UK, Jersey, Guernsey, Gibraltar, and the Isle of Man.

Gary Mealing, credit and operations director at Sancus said that this is “an exciting time for Sancus and the alternative finance space in general.”

“Neil is a fantastic addition to the team,” Mealing added. “His wealth of experience in dealing with commercial business and property lending will be pivotal in making sure we do the best we can for all our clients; including co-funders, borrowers and users of working capital finance.”

Read moreSancus BMS seeks £15m funding from investors