Blend Network appoints long-term investor as director

Specialist property lender Blend Network has appointed a long-term investor in the business as a director.

Michael Levy, manager of Yuma Advisory, has been an investor in the company since 2018 and Companies House filings show that he has now become a director for the business.

Blend Network declined to comment on the appointment, however, chief strategy officer Roxana Mohammadian-Molina confirmed that Levy is not a member of the executive team.

Read more: Blend Network hires former RateSetter property expert

Levy has approximately 30 years’ experience in financial services. He has worked at several European banks, including Société Générale, Commerzbank and Barclays. He co-founded 360 Asset Managers in France in 2009 and then set up Yuma Advisory in 2015.

Blend Network raised £10m in 2018 from investors including Cyrus Ardalan, chairman of OakNorth Bank and Jean-Phillipe Blochet, co-founder of Brevan Howard.

Ardalan was also appointed as a director at Blend Network earlier this month.

Blend Network’s latest fundraise was in April, when the property lender secured £120m from a consortium of family offices, which will be used to boost its lending capabilities.

Read more: Blend Network receives £120m backing for P2P property loans