ASSETZ CAPITAL has hired former RBS executive Rob Pailin (pictured) as its chief commercial officer and to join the board of directors to help drive the peer-to-peer lender’s growth.
Pailin was previously managing director of RBS corporate, where he was in charge of the bank’s business in the north and helped to prepare for RBS’ upcoming rebrand to Williams & Glyn.
In his new role, Pailin will work closely with Assetz Capital’s chief executive Stuart Law to help achieve the company’s fast track growth plan. He will also oversee the development of regional offices, which are set to increase from three to 10 in 2017.
“Rob Pailin’s track record in driving the RBS corporate business was a real attraction to us as a high growth business operating in a highly dynamic and competitive market,” Law. “His knowledge of small- and medium-sized businesses is second to none, and has an exemplary reputation in building relationships between financial institutions and commercial borrowers.”
In September, Law told Peer-to-Peer Finance News that he planned to hire a number of new senior staff members and open up new branches across the country, with the Midlands and Glasgow “high up the list”.
Assetz has seen accelerated growth in recent months. In October, the firm had its best ever month, lending £26m to its borrower base, and it recently announced that its investors have earned more than £15m in interest over the past three years.