Specialist property lender Sancus has appointed Matt Davies as director of offshore funding in its Jersey office to help expand the group’s products and grow its co-funder base.
Davies (pictured), who is level six investment qualified through the Chartered Institute of Securities and Investments, has more than 20 years’ experience in the finance industry. He has worked for a number of private banking institutions and high-net-worth clients in offshore jurisdictions including Gibraltar and the Channel Islands.
Sancus offers asset-backed lending, with particular specialism in property bridging and development finance, with loans ranging from £250,000 to £10m-plus on assets throughout Jersey, UK, Ireland, Guernsey, Gibraltar and the Isle of Man.
“Having watched Sancus expand over the last few years, particularly its presence in the UK and Ireland, it is a really exciting time for me to join the business,” Davies said.
“The company has a reputation for being extremely client focussed with an experienced team, capable of handling more complex lending proposals.
“Combining the talent within the business with exciting plans for the future, I am really looking forward to working with my new colleagues to make these plans a reality.”
This latest appointment follows a reshuffle at the group in June. Andy Whelan resigned as chief executive and was replaced by Rory Mepham as interim chief executive.
“We are delighted that Matt has joined our offshore team, he is well connected throughout the offshore community and I’m sure he will inject a great deal of energy into the role,” said Mepham.
Following its rebrand from GLI Finance, Sancus Lending Group is boosting its bridging capabilities in the UK and Ireland to help meet its target of increasing its live loanbook to £500m over the next three years.
In an exclusive interview with Peer2Peer Finance News in August, Dan Walker, UK managing director and deputy chief executive of Sancus Lending Group, said the group was readying for a strong second half of the year.