THINCATS has hired small- and medium-sized enterprise (SME) finance veteran Mark Tunley (pictured) as origination manager for the East Midlands, to support its next stage of growth.
The peer-to-peer business lender said on Thursday that Tunley joins the firm after 32 years at high street banks Natwest and RBS. Most recently, he held the role of business development director in asset-based lending, working with SMEs in the East and West Midlands.
“I am looking forward to working even more closely with businesses in the East Midlands; offering an alternative route to finance, funding where the banks are unable to fund, and working with the myriad dynamic and ambitious SMEs across the region who need support,” said Tunley.
“It’s a real coup for ThinCats to be able to welcome someone of the stature of Mark – a true professional, who knows the funding landscape in the East Midlands inside out,” said Damon Walford, chief development officer at ThinCats.
Last month, ThinCats, alongside its parent firm ESF Capital, announced the conclusion of a £200m institutional funding programme, which will enable it to scale up its lending.
The funding programme is made up of £30m already committed by ESO Capital, £70m from Waterfall Asset Management, with the balance provided by Waterfall and other institutional investors.
Tunley is the second appointment in the Midlands that ThinCats has announced in the past month. On 20 October, the firm said that Rav Bagri will join as origination manager in the region to help the company deploy its new institutional capital.