Thincats hires new head of credit

The firm, which is gearing up to launch its Innovative Finance ISA, has been on a hiring spree over the past 12 months.

P2P lender ThinCats, which is owned by ESF Capital, has appointed Greg Beamish as its new Head of Credit.  

Beamish formerly worked at Barings, Sun Capital Partners and ESO Capital in roles ranging across secured credit to distressed equity, with the latter eight years focused firmly on the SME space.

Beamish will be based in the firm’s London office and his responsibilities will include being a key member of the ThinCats investment committee as well as management of the credit team and overseeing the execution and management of the credit underwriting process.

“I was attracted to ThinCats because it offers the opportunity to provide capital to a vastly underserved segment of the economy, through a platform which combines the best elements of lending technology with conventional credit underwriting practice,” Beamish said.

The firm received its full FCA authorisation last August but is yet to launch an ISA product, pushing back its plans to do so in early 2018 to the current tax year.  It is also making the move into larger loans.

Damon Walford, CDO at ThinCats said: “Greg brings a wealth of valuable and hugely relevant expertise that will help to fine tune the credit process from start to finish, enabling ThinCats to offer an increasingly accessible credit facility.  It all adds together to give growing and ambitious UK SMEs the very best opportunity to access the funding that they need to fulfil their ambitions.”