Relendex has appointed Anthony Shayle as chief investment officer and anticipates that he move into the role of chief executive in a few months.
Shayle (pictured) joins from UBS where he was head of real estate debt in its asset management division for 11 years.
The peer-to-peer commercial property lender said that in a few months he is expected to replace current chief executive Michael Lynn, who will be moving into the role of founder and president. Despite taking a step back, Lynn will still very much be involved in the business.
“I am delighted to be joining Relendex, I have seen the company go from strength to strength, continually providing competitive, market leading rates for both lenders and borrowers,” said Shayle.
“I am looking forward to working with the rest of the team to ensure that we can continue to provide competitive, flexible and efficient services to both lenders and borrowers through this period of uncertainty and be in a position to take advantage of opportunities once economic activity improves.
“I am passionate about this market, and especially admire how Relendex has stayed true to its traditional property values whilst also embracing P2P technology.
“As we continue to expand the business we hope to bring new categories of lenders to the business, potentially including at the right time, interested institutional investors.”
“Anthony brings with him a depth of experience and industry-wide reputation that will enable Relendex to expand our activity considerably rapidly and provide vitally needed finance to the hard-pressed house-builder sector,” said Paul Sonabend, executive chairman at Relendex.
“We are delighted he has joined our team.”