- Amicus appoints three new senior underwriters with long-standing banking experience
Amicus Property Finance today announces that it has appointed Alan Dorrington, Mark Heckels and Derek Wells as senior underwriters in its Manchester team. The announcement marks the latest in a raft of senior appointments from the specialist property lender, after Matthew Anderson was appointed to the role of Head of Servicing & Portfolio Management in June.
Amicus Property Finance experienced a strong first six months of 2017 having provided more than £500 million of short term property loans last year, as it further expands its customer base among brokers, professional landlords and developers seeking finance for residential and commercial real estate assets.
The three new senior underwriters join a 15 strong Property Finance team in Manchester to drive the business’s growth plans in the region.
Alan Dorrington, a Chartered Banker who has held individual delegated lending mandates of up to £15 million, joins Amicus from Nationwide Building Society where he was Senior Lending Manager in the Commercial Property Finance team. Prior roles have included senior positions at Dunbar Bank plc, Clydesdale Bank as part of NAB Group, Bank of Ireland and Bank of Scotland / HBOS.
Mark Heckels joins Amicus from Nationwide Building Society where he was Lending Manager in the Business Development team with an individual mandate of £5 million. Prior roles include managing a team overseeing high risk property loans at Nationwide Building Society and Relationship Manager at Allied Irish Banks where Mark was responsible for £100 million of real estate lending and trading banking requirements.
Derek Wells joins Amicus from 11 years spent with Bank of Ireland’s Business Banking team, focusing on real estate finance and managing high risk / non-performing connections relating to property funding. Prior to Bank of Ireland Derek spent between 1997 and 2006 working for HBOS Group, now Lloyds Banking Group, with the Group’s specialist property finance, corporate and private banking teams.
Yasin Patel, Divisional Director at Amicus Property Finance, said: “We have seen fantastic growth over recent periods, not least in the first six months of this year. This comes from investing in a highly-experienced team with knowledge of the local business community, and the right expertise to successfully partner with and deliver on our clients’ needs. Alan, Mark and Derek’s appointments reflect this approach and I’m confident in the skills and industry knowledge they bring to our team. With over £500 million to lend, we expect to be very busy across our key areas of auction, refurb and development, and anticipate a busy second half of the year.”
Amicus Property Finance aims to deliver outstanding lending solutions for clients, introducers and stakeholders through deeper relationships and a resolute belief in the power of collaboration. The London-based company opened the doors of its Manchester Princess Street offices in December 2016. It is Amicus’ first regional centre offering a full range of services, including SME, asset, invoice and property financing. The company has other offices in the West End, the City of London, Guildford, and Peterborough.
Subject to authorisation, Amicus anticipates receiving its banking licence this year which will enable it to fulfil its long-term growth objectives by accessing an alternative and efficient source of funding.