The appointment of Andrew Faed and Pete Turner as business development managers is part of the continued expansion of Shawbrook’s commercial lending division to support the bank’s ambitious growth targets for 2013 and beyond.
Andrew Faed has worked in the mortgage industry for over 30 years – initially in the residential market as a lender and broker and, since 1989, in the commercial market where he has worked for a number of mortgage lenders including West Bromwich Commercial, Nationwide, Citigroup and Citybank.
He joins Shawbrook from Aldermore Bank.
Peter Turner joins Shawbrook from packager All Types of Mortgages where he ran the company’s commercial and short term business.
He spent the first 13 years of his working life at Barclays where, among other roles, he worked as a local business manager with a portfolio of around 300 business customers. After his time at Barclays he moved to RBS in a business development role, followed by Commercial 1, heading up the company’s commercial and short term team.
Karen Bennett, director of sales, commercial lending, at Shawbrook Bank said: “We’re really excited to be expanding our team with two talented commercial mortgage specialists.
“Andy and Pete bring different experience and perspectives on the commercial mortgage industry – Andy comes from a specialist bank while Pete’s experience as a broker means he has an in-depth understanding of the journey from first enquiry to drawdown.
“Our expanded business development team will allow us to grow our panel of broker partners and registered Introducers whilst continuing to ensure we’re offering our broker partners the best possible service, ultimately enabling them to complete more deals with Shawbrook.”