BridgingCommercial FinanceNews

Enra Group makes senior hires

West One and parent group Enra Group have made a series of senior and management appointments.

Erna Group has appointed Stephen Hogg as chief operating officer while West One Loans has hired Phill Tyson as underwriting risk manager.

Michael Grant has been promoted to head of sales – bridging and development finance and Chris Harrison has been promoted to underwriting team manager. Both have been with the business since 2014.

Danny Waters, chief executive officer, said: “I’m pleased that we’ve been able to make these senior appointments, as well as continue our tradition of recognising strong performance by promoting from within.

“Adding such great experience of the sector to an already strong base will help us achieve our growth objectives.

“With a wealth of experience in debt capital markets, lending technology, and hands-on operations management Stephen’s ability to build profitable, scalable, technology-driven lending businesses is an ideal fit for us at Enra, as we continue our rapid growth.

“Phill has an impressive background and will be able to support the growth of our lending business. We pride ourselves on a having a common-sense approach to underwriting and Phill will help us continue in that vein.

“I’m pleased to see Chris and Michael do well and progress into more senior positions.”

Hogg was previously at Metro Bank, where he held a variety of roles, including commercial director and operations director.

Whilst at Metro, Hogg was responsible for building Metro’s mortgage lending platform, taking total balance sheet lending from £63m in 2013 to over £5bn, at a run rate of around £100m per week. He also built Metro’s asset purchase team, acquiring over £2.2bn in loan assets since 2015.

Prior to Metro, Hogg worked in private equity and credit funds, building and growing non-bank lending and servicing businesses across Europe.

Most notably he spent seven years at Oakwood Global Finance which funded the creation of both Edeus and Pepper Homeloans, where he led the design of Pepper’s UK loan servicing systems.

Tyson brings with him a wealth of knowledge and experience of underwriting – particularly in residential mortgage products.

 

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