Pivot makes senior appointment
Pivot has appointed George Petrou (pictured above) as its senior underwriter.
George brings with him over 15 years of direct lending experience having previously worked for Funding 365, where he was also a senior underwriter, and Castle Trust.
At Pivot, George will be a key member of the lender’s credit team, which will include assessing the creditworthiness of new enquiries and focusing on large and complex transactions.
George’s appointment comes as part of Pivot’s ongoing expansion, which is on track to achieve a 300% increase in volumes this year.
“What attracted me to Pivot was how well integrated the team was, especially [regarding] the sales and underwriting functions,” said George.
“Being part of a wider property group - including a developer, construction company and fund manager - means Pivot has a wealth of expertise onsite that can be drawn upon.
“I look forward to working with the team to help support the growth of the loan book.”
The appointment follows Pivot’s announcement that it was partnering with Shawbrook Bank and Insight Investments, which are providing an additional £50m of debt capital to the business.
"As an underwriting function, our remit is to ensure that the loans that we provide are written within the bounds of our credit appetite, minimising and mitigating risks where possible,” added Sarah Jackson, head of underwriting at Pivot.
“George’s skill set helps us achieve this ambition to outstanding effect.
“Bringing experts such as George into the team underpins our ambition to provide an unrivalled, customer-centric service and I am delighted such a well-regarded and experienced bridging professional has joined the team.”
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