Glenhawk hires non-executive director
Bridging and development lender Glenhawk has appointed Caroline Ong as non-executive director.
Effective immediately, Ong (pictured) joins existing non-executive director Harry Hill, formerly chairman of Rightmove and former chief executive of Countrywide, on the Glenhawk board, alongside chief executive Guy Harrington and managing director of lending Nick Hilton.
Hill said: “Caroline is a well-known and highly experienced industry heavyweight and her decision to join Glenhawk is a coup for the business and a major statement of intent as we continue to scale up the business.
“Her significant operational background, experience of navigating increasingly complex regulatory environments, as well as her adherence to corporate governance, will be invaluable as we continue to mature.”
Ong has more than 20 years of commercial and residential real estate experience as a board advisor, committee member and executive director.
She joins Glenhawk from specialist mortgage lender Octane, where as a non-executive director she was heavily involved in its successful launch in 2016.
This included overseeing the risk framework to ensure it was appropriate for an early stage business, and providing guidance on business direction and growth.
Ong added: “I have been following the rapid growth trajectory of the Glenhawk business from afar, increasingly growing its profile and market share to become a lender of choice, and the opportunity to join two of the industry’s leading visionaries in Guy and Harry and support this expansion was too good to turn down.
“The UK property lending and wider financial services sectors remain ripe for disruption, both in terms of available products as well as the technology driving this change, and in Glenhawk I see the leader of the next wave of businesses that will capitalise on changing client requirements and set new standards for the industry.”
Ong has also spent over seven years as chief operating officer of Pamplona Capital Management’s hedge funds, and then as a portfolio manager of its flagship credit fund where she was a member of the investment committee, operations committee and performance review committee.
She was responsible for launching two funds totalling £1bn, whilst also implementing significant efficiency savings allowing capital invested to triple and the average internal rate of return to increase by 50%.
Ong has also worked for international financial services firms Goldman Sachs, Bank Austria AG and Bear Stearns, in Australia, Singapore, and London. She has an MBA from the University of NSW and University of Sydney.
Glenhawk will look to expand its product range with the launch of regulated bridging, buy-to-let term products and retirement interest-only mortgages later this year pending its FCA application.