Pluto Finance hires lending director for Scotland
Property lender Pluto Finance has appointed NatWest veteran Jamie Drummond as lending director for Scotland.
Drummond has spent the past 30 years in corporate banking at NatWest, where he had extensive experience of structuring and managing real estate transactions across senior debt, mezzanine and equity finance.
In this role, he helped to build a market-leading senior real estate lending book in Scotland and led high-profile transactions across all sub-asset classes.
At Pluto Finance, Drummond will lead the credit provider’s entry into the Scottish housebuilding and developer market.
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“We are delighted to welcome Jamie to the Pluto Finance lending team,” said Justin Faiz, chief executive of Pluto Finance.
“His considerable knowledge of the Scottish housebuilding and developer market will be key to Pluto quickly establishing a presence here.
“He will enable us to quickly deploy capital from our main fund and from Scottish investors that will be partially ring-fenced for deployment in Scotland, enabling us to help finance the much-needed building of affordable homes here.”
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“Pluto’s innovative proposition to the market and outstanding professionalism is a stand-out for me and I am really excited to be joining at a time when there is such a need from housebuilders for finance to build new homes,” said Jamie Drummond, Pluto’s lending director for Scotland.
“Pluto’s approach will ensure local capital is used for local housebuilding thereby benefitting local supply chains and creating jobs in Scotland. I am looking forward to working with Pluto to establish the franchise in Scotland.”
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