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Margolis leaves Cheval

Short term specialist lender Cheval has announced that its Chief Executive Officer, Alan Margolis, is to leave the company at the end of February.

1 February, 2010

The Watford-based bridging specialist is interviewing for his replacement and a new CEO appointment is expected to be made during February.

Alan, who has been with the company 13 years, is leaving to pursue a new opportunity with United Trust Bank.

Cheval director Allan Kay said: "We are naturally disappointed that Alan is leaving, but wish him well in his future career."

Alan Margolis said: "I will be sorry to leave Cheval after so many years, but I am looking forward to my new opportunity."


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