Glenhawk has announced that former Morgan Stanley head of residential mortgage trading, Steven Khan, has been appointed as chief operating officer.
Effective immediately, Khan (pictured) will be based in London and report directly to CEO Guy Harrington.
Khan joins Glenhawk from boutique lender Step One Finance Limited, where as head of commercial development he was responsible for the launch and implementation of its unsecured, revised second charge and bridging products, growing Step One’s second charge market share to 7%, as well as the development of a new servicing technology platform.
Prior to this he was sales director at Target Group.
He will be responsible for driving the commercial growth of the company, with a focus on launching new products, as well as maximising operational procedures focused on new system and process implementation, alongside people management.
He will also work closely with Harrington and Nick Hare, head of strategy and capital markets, as Glenhawk engages with potential senior and mezzanine funding line providers alongside new equity backers for the business.
Harrington said: “Steven’s appointment is another major statement of our ambition as we build a senior team of highly experienced individuals who can provide the leadership required as we continue on our upward growth trajectory. His CV speaks for itself, with an entrepreneurial background that spans origination, product launches, investment banking and technological innovation, working for some of the world’s largest financial institutions.”
Khan added: “The UK residential and commercial property lending markets have evolved beyond recognition since I first started out, and in Glenhawk I see a company that has the platform and people to continue driving positive change. There is a significant market opportunity for new products, particularly for regulated bridging and term and I am excited by the opportunity to leverage my relationships and depth of knowledge to support Guy and the team in the next stage of its growth.”