Avamore Capital, the London based short term and bridging finance lender, has appointed a new director, Alan Margolis. He will be part of the management team and a member of the board and credit committee. In his new role, Alan will cover systems, processes and technology, working on strategic initiatives, leading commercial aspects of the business and finding ways to improve its infrastructure.
Alan was previously director of bridging at Masthaven Bank and spent nearly seven years at director of bridging at United Trust Bank prior to that.
Alan Marjolis said: “It did not take much persuasion by Zuhair and Michael for me to agree to join them and be part of the next step in Avamore’s journey to become a leading lender in our chosen markets,”
“The ambition, energy and incredible quality and drive of the team are a fantastic platform to grow our business.
“Tremendous opportunities are available to specialist lenders that have vision and are prepared to back their staff and broker partners.
“As part of the executive management team, I will use all my experience and industry connections to achieve and even exceed our ambitions.”
Zuhair Mirza, co-founder of Avamore, said: “We have known Alan for many years and are absolutely delighted to have him join the senior leadership team,”
“He brings a wealth of industry knowledge and relationships with him, and we are excited for him to apply his expertise to fast-track our growth further.
“Under Alan’s leadership, we believe this team will go from strength to strength, and we expect that Avamore’s lending volumes will increase substantially.
“Alan’s appointment is an important step in Avamore’s evolution as we look to increase market coverage, drive efficiencies, and deliver outstanding customer service for our borrowing and broking partners.”
Michael Dean, co-founder of Avamore, said: “Alan’s experience and knowhow, combined with his shared cultural values, make his appointment something for everyone in the company to be really excited about,”
“With other forthcoming senior appointments, this will further cement our position as a major player in the development and bridging space and act as a springboard for the long-term growth of the company.
“On a personal level, Alan’s a really good guy and we are all looking forward to working with him.”
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Gili Cohen recently joined Avamore as the fourth underwriter, to assist with the lender’s expansion plans for the remainder of 2021.