Sancus Lending Group is readying for a strong second half of the year, following the alternative finance group’s rebrand and streamlined strategy.
Dan Walker (pictured), UK managing director and deputy chief executive, said that Andrew Whelan left the firm in a good place when he stepped down from the helm in June this year.
“There was a lot of change to absorb when your chief executive leaves, there’s plenty to manage,” he said.
“There was a lot of hard work in the first half of the year and we’re in a good stage for the second half, we think we’re well set as a result of the changes we made, streamlining into four silos of operations that allow us to be focused on property finance.”
Sancus Lending Group has rebranded from GLI Finance and has been simplifying the business into four main areas: origination; co-funding or loan management; finance; and operations, with a bigger focus on property finance.
“We see the UK and Ireland as huge growth opportunities and are pleased with the progress in those markets and have made hires across those jurisdictions,” Walker added.
In June this year, Whelan revealed to Peer2Peer Finance News that the firm was planning to expand its bridging finance capabilities and grow its UK team, to help meet its target of increasing its live loanbook to £500m over the next three years.