Principal lender Signature Private Finance has appointed Alan Coats as lending manager for Scotland, its first north of the border.
He will be based in Edinburgh and responsible for supporting the firm’s growth across Scotland and the north of England.
Coats said: “With my management experience, banking sector expertise and extensive contact list across the country, I anticipate a swift start to attracting more business to the Signature brand. It does things a little differently, with an impressive client-centric service that ensures clients return, time after time.
“Having worked as an area director for the Bank of Scotland in my previous role, I have a clear understanding of where the main property hotspots are and the funding needs of property developers.”
Tony Gilbertson, Signature chief executive, added: “As the business continues to grow and the needs of our clients develop, it’s crucial that we recruit experienced individuals capable of delivering the high-quality services our clients expect.
“The property market in Scotland is very strong and we’re optimistic about the future need for alternative lenders like us, who work hard to find ways to get deals done, not turn them down.
“It is satisfying the Signature brand, reputation and product offering can attract individuals of Alan’s calibre; and with his reputation for building strong client relationships, we are confident of attracting plenty of new business.”
Signature Private Finance makes all lending decisions in-house on a range of flexible finance products including residentialand commercial bridging, light and heavy refurbishment, revolving trading facility and auction finance.