Pluto Finance has made its second senior hire this month, appointing John O’Donnell as Lending Director.
John joins the London-based team from Hampshire Trust where he was Lending Director for seven years. Prior to this, John was a lender at Investec for 14 years.
John O’Donnell says: “I am pleased to have joined an established team in Pluto Finance who have strong institutional backing, including a new partnership with the UK’s largest private pension fund (the universities Superannuation Scheme). Pluto have recently dropped their minimum development loan size to £5m – this will allow me to bring Pluto’s market-leading leverage and pricing to a much wider pool of borrowers.”
Justin Faiz, Partner of Pluto Finance, comments: “John brings with him exceptional experience in the residential market, spanning residential development, bridging, asset management and planning projects.
“We are delighted to have appointed two Lending Directors this month to add to our strong team and look forward to announcing further appointments as we continue our expansion programme, accelerating our development, bridging and investment lending over the next 12 months.”
Pluto Finance is backed by some of the world’s largest institutional investors and is currently funding the development of over 2,000 new homes in the UK.