On the board, Philip will join fellow finance industry expert Richard Rowney who has been a non-executive director at MSP Capital since 2020.
Richard 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, we agreed a £100 million senior-secured development funding facility with private equity firm and single investment partner Pollen Street Capital.
Earlier in the year, two of our long-serving 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 our expansion.
Development and bridging finance from us typically ranges from £75,000 to £20 million.