"It is my number one priority to ensure prudent loan monitoring for our borrowers and that we always remain flexible and willing to work on a case-by-case basis."
Avamore Capital has promoted Toran Selim to head of asset management, after joining the department in 2018.
Toran will be taking over full-time management of the department from principal Nikolay Petkov who will now hold an overarching role within the business.
Toran will be seeking to grow the department further with a new hire due to join in June and additional team members added later in the year.
Toran will be playing a key part in reviewing operational processes post-completion. He was recently instrumental in on-boarding a new payment platform, Shieldpay, which has allows greater flexibility on payments and increased levels of transparency for the borrower.
Toran commented: “I am incredibly excited to take on the role as head of asset management. As the Avamore loan book grows, it is my number one priority to ensure prudent loan monitoring for our borrowers and that we always remain flexible and willing to work on a case-by-case basis. We have never taken a ‘broad brush’ approach to our customer’s projects and have always worked hard to understand what is important to the borrower and delivered on that. My goal is that as we grow and manage more loans, the borrower’s interest will always be at the core of what we do.”
Nikolay Petkov, added: “Toran has been a huge asset to the business since he joined. He’s been instrumental in shaping how the department operates and will no doubt continue to make a positive impact on the wider team and the experience our borrowers have. Loan management has always been important in fluctuating markets. Toran has been key in navigating around challenges and has never wavered in his commitment to do the best for our customers. I am delighted that he has been able to step up into this role and have every confidence in his ability to perform well.”