New lender Octane Capital has today announced another new hire, as Gemma Salousti joins its risk team as Senior Credit Manager.
Gemma, who has worked within specialist lending for seven years, joins from Masthaven Bank, where she was an Underwriting Manager. She will report in to Matt Smith, Octane Capital’s Director of Risk.
Octane Capital officially launched in early May but does not offer a product sheet with set rates determined by LTV. Instead, each loan is structured on a bespoke basis and priced according to risk. It will focus on complex and larger loans that brokers struggle to place.
Gemma Salousti, Senior Credit Manager, Octane Capital, commented:
“The risk-based, product-less approach Octane Capital have introduced is reinventing the specialist lending sector, and I’m looking forward to working closely with Matt and the team. I can’t wait to be involved with complex loans that require you to think outside the box rather than simply tick boxes. Vanilla lending this is not.”
Matt Smith, Director of Risk, Octane Capital, added:
"At Octane Capital, we pride ourselves on our experience and Gemma has plenty of that. Along with an instinctive understanding of risk, she is also very commercially-minded and that ability to look at the bigger picture and act as a partner is integral to how we work.”