SANCUS BMS Group, the owner of the Sancus Finance and Sancus Funding peer-to-peer platforms, has made two new senior appointments from the Irish property finance sector.
Former Barclays executive Michael Mooney has joined the firm as managing director of Sancus BMS (Ireland) Limited while Geoff Savage has become director of lending (both pictured above).
Mooney was a director in the corporate real estate finance department at Barclays. His experience includes investment and development property finance transactions for institutional, large corporate, private client and small cap borrowers.
He has also worked on a number of loan restructurings and the origination and execution of investment property transactions on a pan-European basis.
Michael began his career in the financial services department of KPMG in Dublin where he worked for four years. He is a fellow of Chartered Accountants Ireland.
“We have been looking at growing our Irish office for some time as the property-backed lending sector presents an attractive, risk-adjusted landscape,” said Sancus BMS chief executive Andrew Whelan.
“The Irish economy has rebounded from the global financial crisis and we feel there are exciting opportunities for Sancus to support the growth of developers and entrepreneurs in Ireland.
“We specialise in the funding of bridging and development loans in the region of €1m to €10m (£0.89m to £8.9m) where we feel we can add value to the economy.”
Savage joins Sancus from Situs Asset Management Ireland where he was managing director, responsible for the international loan servicing and commercial real estate advisory business.
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Prior to this he worked for five years as a team leader in the Asset Recovery division of the National Asset Management Agency.
“We are delighted to welcome Michael and Geoff to the Sancus Team which we will seek to further expand in due course,” said Whelan.
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