Relendex poaches senior Assetz Capital executive as business development manager

By Roger Baird on 4th July 2019

Property

The London-based peer-to-peer property lender has hired a number of senior executives as it targets £100m of lending this year.

 Relendex poaches senior Assetz Capital executive as business development manager
Image source: Company supplied

 

Relendex has poached a senior executive from rival Assetz Capital as the peer-to-peer property lender targets £100m of loans this year.

James Hodgson (pictured) joins the London-based fintech as a business development manager covering the North East.

He leaves Manchester-based Assetz Capital where he was an underwriting director, working with borrowers to provide tailored funding packages for residential property development. 

Previously, Hodgson worked for a number of firms over the last two decades including National Australia Bank, where he was a commercial real estate manager, and Yorkshire Bank.

 

Senior hires

Relendex added that Hodgson, over a “long career in the sector has enabled him to build a significant portfolio of broker and lender contacts, with a focus on the North of England”.

The move follows Relendex beefing up its management with a number of senior hires in recent months, including Fintan O’Riordan, who joined in January as director of lending from FTSE 250-listed Paragon Bank. It also hired former BDO accountant Paul Sonabend as commercial director last October, who was promoted to executive chairman two months later.

In January, the firm, founded six years ago, said its hires are in line with its target of hitting “£100m in new loans in 2019”.  

Relendex’s Sonabend said: “James impressed us with his wealth of expertise as well as his strong sector relationships and track record in building and converting leads – all of which were key in our decision to bring James onboard.”

 

Property values

Hodgson added that Relendex “is clearly forward-thinking and looking to increase its footprint in the sector while also staying committed to its traditional property values”.

Last November, Relendex said it had signed a partnership with an unnamed global institutional investor worth a minimum of £72m over two years.