Shawbrook has added two members of staff to its commercial lending team.
Andrew Faed and Pete Turner have been appointed as business development managers.
Faed has worked in the mortgage industry for over 30 years, initially in the residential market as a lender and broker, and since 1989 in the commercial market, where he has worked for a number of mortgage lenders, West Bromwich Commercial, Nationwide, Citigroup and Citybank. He joins Shawbrook from Aldermore Bank.
Meanwhile, Peter Turner joins Shawbrook from All Types of Mortgages, where he ran the company’s commercial and short-term business. He spent the first 13 years of his working life at Barclays, where among other roles he worked as a local business manager with a portfolio of around 300 business customers. He then moved to RBS in a business development role, followed by Commercial 1, where he headed up the company’s commercial and short term team.
Karen Bennett, head of sales and marketing, commercial lending at Shawbrook Bank, said: “We’re really excited to be expanding our team with two talented commercial mortgage specialists. Andy and Pete bring different experience and perspectives on the commercial mortgage industry – Andy comes from a specialist bank, while Pete’s experience as a broker means he has an in-depth understanding of the journey from first enquiry to drawdown.
“Our expanded business development team will allow us to grow our panel of Broker Partners and Registered Introducers whilst continuing to ensure we’re offering our broker partners the best possible service, ultimately enabling them to complete more deals with Shawbrook.”
Turner said: “Shawbrook Bank has burst onto the scene and filled a massive gap in the commercial and investment property market with innovative products, competitive pricing and a wealth of experience in the team that has been easy to sell to my brokers and introducers in my previous role working for a packager.
“Shawbrook also has a personal side with great staff that want to build relationships with their brokers, and help them place and complete on business. It’s what they all get up for in the morning. I’m really looking forward to being part of this team and building and supporting our broker panel.”
Faed added: “There is currently a serious shortage of funding in the marketplace which makes it important for clients and intermediaries to be aware of the options available to them. New relationships need to be formed as a number of lenders are seeking to reduce their property exposure, and this provides a great opportunity for newcomers such as Shawbrook to satisfy the demand and provide alternative facilities.
“The lending landscape has changed significantly in recent years and I anticipate that my role at Shawbrook will be a challenging but rewarding experience. I look forward to 2013 and beyond.”