PEER-TO-PEER funding specialist F&P Sponsors has appointed Metro Bank’s Rolly Bakshi (pictured) as head of business development to boost its property funding.
Bakshi worked as a commercial analyst specialising in real estate at the challenger bank, where he expanded existing borrower relationships, and has also held new business roles at Lloyds and Barclays.
Ivor Freedman, director at F&P Sponsors, said Bakshi’s credit and business development experience makes him a valuable asset to the firm.
“He understands the needs of customers in the property sector and can identify where non-traditional lending will be of particular support,” he said. “He is also well positioned to use his wider credit and finance experience in the broad variety of sectors that we work in.”
Bakshi said that widening the appeal of P2P would play an important part in his initial priorities.
“I was attracted to F&P Sponsors because P2P lending provides a fast and efficient way for businesses to acquire funding in a climate where traditional lending is not always available,” he said.
“However, not enough companies understand how P2P lending can work for them or consider it a more expensive option than traditional lending. This provides an exciting opportunity in terms of educating businesses, helping them realise how this form of lending can help turn businesses around.”
F&P Sponsors has secured over £100m of funding for more than 250 businesses in a wide variety of sectors.
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