ThinCats has hired former Natwest executive Talal Malghani as director of corporate development, as the alternative finance provider continues its expansion drive.
Malghani previously spent three years on the Natwest Markets FIG Advisory Team, covering the UK and European specialist lending sector.
In this role, he was particularly focused on asset level capital raising for the UK’s small- and medium-sized enterprise (SME) sector to fund term loans and bridging products.
In his new role at ThinCats, he will ensure stable and diverse funding sources including public market securitisations, forward flows, and private financing for existing as well as new potential products.
“ThinCats has a distinct proposition in the UK mid-sized SME sector that is enabled by an unbeatable combination of market leading analytics, strong origination and robust underwriting capabilities demonstrable by an excellent track record,” said Malghani.
“Such capabilities supplemented by a particularly impressive management team positions ThinCats well for a significant growth trajectory.”
ThinCats recently announced that it had reached its £1bn lending milestone. The lender has also received a £160m investment from Kuwait’s Wafra Capital Partners, which will enable it to lend out another £2bn.
“Following our recent announcement of the investment from Wafra Capital Partners which will enable us to lend a further £2bn, we are keen to keep up the momentum and continue to drive forward in the provision of funding to mid-sized businesses across the UK,” said Ravi Anand, managing director of ThinCats.
“Talal’s appointment will be key in supporting this effort.”