Mortgage specialist Steve Khan has joined Step One Finance as head of commercial development.
Khan has over 30 years’ experience in the financial services industry and his experience covers a broad spectrum of mortgage broking, origination, banking, trading and third party servicing with stints at John Charcol, Platform Homeloans, UCB and packager Private Label. He also has a wealth of experience in fixed income capital markets after working with the likes of GMAC-RFC, Lehman Brothers and Morgan Stanley.
Prior to joining Step One Finance, Khan worked for six years with Paratus AMC and most recently with Target Group.
Michael Childress, co-founder and chief executive of Step One, said: “It is fantastic to have someone of Steve’s calibre join the Step One team. Steve has broad experience which has touched most segments of the UK mortgage market over the last 30 years and is ideally positioned to contribute to Step One’s expansion and growth plans.”
Khan added: “I am extremely pleased to join some previous work colleagues and the rest of the Step One team at such a strategic point in their journey. I believe this is a unique and critical time in the UK lending market in which Step One is well positioned to participate and innovate. It is a fortuitous moment to join the team and I look forward to the many opportunities ahead.”
Step One has also hired a number of new members of staff in the company’s underwriting and operational teams.
Nathan Lewis joined Step One in June 2016 as a trainee underwriter in the company’s underwriting department.
Amber Saghir joined Step One in July 2016 as a risk analyst with a focus on regulatory compliance in the company’s risk and operations team. Amber held previous roles with Lloyds Bank and Lifetime Legal.
Bethany Hudson joined Step One in August 2016 as an accounting apprentice and will be supporting the company’s finance team.
The team expansion follows on the back of the successful completion of a significant funding round in mid-May and is part of Step One’s growth strategy. Step One is expecting to make additional hires over the coming months.
Childress said: “We are very excited to be able to welcome such a talented group of individuals to the Step One team.”