Glenhawk bolsters finance team with CFO and FD appointments

Challenger lender Glenhawk has appointed Andrew Townsend (pictured, left) as chief financial officer and Ryan Benton (pictured, right) as finance director.

Glenhawk originated £232m of new loan enquiries in July and August, including a record £178m in the latter.

Guy Harrington, chief executive officer, said: “Despite the market volatility caused by the Coronavirus pandemic, we have continued to maintain our upward loan book growth trajectory, reflecting both the strength of our offering and the ongoing appeal of real estate as an asset class.

“Andrew and Ryan, two highly experienced finance professionals, join us a critical juncture, giving us important capabilities as we move closer to delivering on our product expansion plans, putting to work the funds secured via the JP Morgan line.

“Whilst we remain highly disciplined in our lending strategy and vigilant to the impact of further economic distress, we have seen a significant uptick in borrower enquiries in recent weeks, as the market stabilises and with the stamp duty holiday energising the residential sector. Longer-term, the continued retrenchment of traditional financing sources and paucity of suitable products for borrowers gives us huge confidence moving forward.”

Townsend, who will report directly to chief executive officer Guy Harrington, will join the senior management team with responsibility for devising and implementing the Group’s financial strategy.

Previous roles include co- founder, finance director & managing director at The Beacon Group.

Benton joins Glenhawk from Close Brothers, where he was senior finance business partner.

He will support Townsend, overseeing the day-to-day operational finance function.