Lord Fink steps down from British Pearl board

Former Tory Party treasurer Lord Stanley Fink has stepped down from his position as chairman of the board at property lender British Pearl, due to his busy schedule.

Lord Fink previously led a £7m fundraise to help launch British Pearl back in 2018. He later joined the board and became chairman of the company. According to Companies House records, his position was terminated on 1 September 2023.

Ali Celiker, chief executive of British Pearl, told Peer2Peer Finance News that there was “nothing exciting to report” regarding Lord Fink’s resignation.

“He is director of many businesses, and stepping down as chair for British Pearl,” said Celiker.

“We hope to add another director to the board before year end.”

Read more: British Pearl backer Lord Fink joins modular homes company board

Known as “the godfather of hedge funds”, Lord Fink was previously chief executive and deputy chairman of investment giant the Man Group, and he has worked with a number of fintechs over the years, including Bud and eToro.

In 2020, he was ranked number 763 in the Sunday Times Rich List, with a fortune of £160m.

In 2021, British Pearl completed the sale of its portfolio, and the following year Celiker confirmed that the company would instead focus on two distinct opportunities: making investments available where the local authority will be the contracted tenant; and offering the British Pearl investment platform as a service.

Read more: British Pearl expects new investments after portfolio sale