"I am looking forward to working with new and existing broker partners and providing solution driven funding options for them and their developer customers."
Avamore Capital has appointed Amir Khan as its new relationship manager.
Amir joins Avamore in the midst of a number of hires being announced across all departments and is the second of two relationship mangers that have joined this year.
Amir has joined Avamore from West One Loans where he was a key account manager, and prior to this worked for Aldermore Bank.
At Avamore, Amir will be the relationship manager for Southern & Central London, working alongside Andreas Yianni who will continue to support partners in Northern & Central London. Amir will be looking to build new relationships and work with his existing network of core broker partners to increase awareness and accessibility to Avamore’s specialist funding range. In particular, introducing broader optionality to the mainstream market is something which is becoming increasingly important as more brokers look to diversify into the bridging and development space.
Earlier this year, the lender announced £150m in redemptions with no impairments to date and, more recently, it has crossed £300m in total lending.
Growth in loans is coinciding with expansions across all departments with the recent hire of two placement analysts, and the lender will soon announce expansions to the underwriting team and further growth within the origination department. Avamore is also actively recruiting for the credit analysis and asset management teams.
Amir Khan commented: “I am looking forward to working with new and existing broker partners and providing solution driven funding options for them and their developer customers. I have always had a personal interest in the development space; seeing my father renovate, extend and convert homes always made me keen to enter this market and, understanding the value that can be added to the right security is extremely exciting. I am looking forward to working within a growing business, delivering relevant and competitive products along with excellent service to broker partners in Southern & Central London.”
Zuhair Mirza, principal, added: “We’re really excited to have Amir joining the team and helping us increase our exposure in London. It will remain incredibly important to us that we hold strong relationships with broker firms based in and around Avamore’s central hub. As the market changes, we will always ensure that we are equipping our relationship managers with competitive and truly relevant products to offer the market. Amir has a broad and relevant background, and this combination will bring a unique edge while reinforcing the origination team. The hire reflects our commitment to servicing a broader proportion of the market and we look forward to seeing the impact which Amir will make on the business."