TAB unveils three new senior hires as it eyes £500m loan book

Property investment platform TAB has strengthened its management team with three new hires, as it targets £500m of cumulative lending by 2024.

TAB has named Rikesh Saujani (pictured) as investment director, Jon Sturgess as sales development director and Matthew Hayes as head of finance.

The appointments position the company for future products and investment opportunities which are set to be launched later this year, TAB said.

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Saujani joins from Hervines Group, having previously held roles at Lloyds Banking Group and Credit Suisse. He will oversee the strategic investment of the group and provide insight on institutional funding and business development opportunities.

Meanwhile, Sturgess has over 30 years of experience in the lending industry, having previously worked at Masthaven Bank and Livemore Capital. He will be responsible for developing and executing sales strategies, driving revenue growth, and meeting origination targets.

Hayes, who joins from Shawbrook Bank, will manage and oversee TAB’s financial operations. He has over 15 years of financial experience in Australia and the UK, having also held roles at Close Brothers and Commonwealth Bank of Australia.

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“Our aim is to expand our outstanding team which has a proven track record of delivering competitive offerings for borrowers and providing returns for investors,” said Duncan Kreeger, chief executive and founder of TAB.

“Rikesh, Jon and Matthew bring a wealth of experience and will add a huge amount of depth to our team as we continue to grow our business in a changing but exciting time for real estate.”

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TAB connects investors with a variety of property finance opportunities including bridging loans. Unlike peer-to-peer lending platforms, TAB is not regulated.

It has written over £365m in loans within four years and is aiming to hit the £500m milestone in 2024.