Property finance specialist MSP Capital has appointed a founder of Shawbrook Bank to its board.
The Dorset company has named property finance specialist Philip George non-executive director, having been a consultant for the Poole-based, fixed rate lender for the past year.
The appointment follows a recent expansion of two director roles, four new associate director promotions and securing of a £100m development funding facility with Pollen Street Capital.
A co-founder of Shawbrook Bank in 2011, Mr George was managing director there until 2019.
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Commenting on his new role at MSP Capital, Mr George said: “As the best specialist property lender in the market, MSP Capital is a great business with a superb management team and a very exciting future. I am really looking forward to the next leg of MSP Capital’s impressive journey.”
Martin Higgins, MSP Capital’s managing director, said: “We welcome Philip to our board as the latest development in what has been a massive period for us strategically.
“We’ve been working non-stop over the last few years to really catapult MSP Capital into the forefront of the property finance sector.
“To be able to attract someone with Philip’s extensive experience and knowledge is brilliant for us and evidence that our efforts to strengthen our presence are working.
“His background, skills and insight into specialist lending will be of particular value to our future strategy. I have every faith that he will be an invaluable addition to the MSP Capital board.”
On the MSP Capital board, Mr George will join fellow finance industry expert Richard Rowney who has been a non-executive director of the firm since 2020.
Mr Rowney has more than 30 years’ experience in retail and commercial banking, including at Barclays Bank, and was on the board of insurer LV= for 13 years.
In May 2023, MSP Capital agreed a £100m senior-secured development funding facility with private equity firm and single investment partner Pollen Street Capital.
Earlier in the year, two long-serving MSP Capital directors saw their roles widen. Becky Harris was promoted from Finance Director to Director of Strategic Finance and Operations while Adam Tovey moved from Valuation Director to Director of Risk and Underwriting.
Four senior colleagues – Nicky Hollamby, Lee Merrifield, Chris Sheppard and Chris Wright – have also taken up newly created associate director roles this year to help reinforce the firm’s expansion.
Development and bridging finance from MSP Capital typically ranges from £75,000 to £20m.
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