An M&G-backed property finance provider has made a string of new hires, including a finance director.
Atelier Capital Partners launched earlier this year, with M&G taking a 75% stake in the business. Co-founder Chris Gardner told EG at the time that the aim was to target small and medium-sized developers working on brownfield assets, a market he said is underserved by other lenders.
The company has now appointed Paul Silva, former finance director of Puma Property Finance, as chief financial officer (pictured). Other new hires include Smithi Sharma, former financial crime investigator at Kensington Mortgages, as operations and assurance analyst, and Laurence Robinson, an asset manager from Link Asset Services, as portfolio manager.
Atelier co-founder Keith Aldridge said: “The current uncertainty in the market also brings opportunity and we are confident that demand from developers will bounce back as a degree of normality returns. Nobody is expecting a smooth ride for the property market or the wider economy in the months and potentially years ahead, but the supply deficit and the need to build homes remains high.”
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