Specialist property lender Octopus Property, part of the Octopus Group, has hired Sean Deacon as head of core credit to support its ongoing growth.
Octopus Property has doubled its origination volumes over the past 24 months, launching products as part of its lifecycle lending proposition and expanding its team from 40 to 60 people.
With over 20 years’ experience of working in credit and risk, Deacon will be responsible for ensuring the credit team’s underwriting and customer experience delivery. He will also support the company in its ambitions to grow its loan book to over £1bn during 2018.
Mario Berti, chief executive of Octopus Property, said: “Sean has an impressive track record for managing credit risk which, together with his deep real estate sector experience, will support us in meeting our ambition to grow our loan book to over £1bn, whilst helping drive the wider business with change and transformation.
“We are excited to have him join our first class team and look forward to working with him to deliver on our target of becoming the leading provider of specialist property finance in the UK.”
Deacon joins from Amicus Plc, where he was group head of credit. Before this he held senior roles at Harrods Bank, Dollar Financial, Credit Suisse and UBS AG, managing UK and International teams covering property related lending for the residential, commercial and development sectors.
Deacon added: “I have been watching Octopus Property from the side-lines and am excited to have joined a market leader which truly understands that the customer experience is the key to business success, and I look forward to working with the business to realise its growth ambitions.”