Patellis appointed CEO at Tiuta PLC

Patellis has more than 18 years of experience of both building and managing lending operations in America, Canada, Australia, Germany, and Central America. Patellis was part of the Barclays backed MBO at Preferred mortgages and its subsequent sale to now defunct Lehman Brothers.

Patellis, who was appointed as a special advisor to the board of Tiuta in August 2009, commented: “Having now had the chance to work closely with the team at Tiuta to fully understand its business model and plans for the future I am really looking forward to the challenges ahead.

“My discussions with Tiuta have convinced me that it is very well positioned to take advantage of circumstances as the market recovers. Gary, Steve and the team at Tiuta have built a very good business. Tiuta values its customers and staff and I will look to build upon that foundation as we enter the next phase of the business.”

Stephen Nicholas, chairman at Tiuta added: “Gary Booth, our former CEO, has earned a very well deserved rest. George’s appointment is just the latest piece in the jigsaw for us. We have been building a talented team here that will enable us to meet our growth targets in the coming years.”