Octane Capital appoints Dan Tyson as Credit Manager
Octane Capital, today announced it has hired Dan Tyson as Credit Manager. He will report into Matt Smith, Director of Risk.
Dan joins from Shawbrook Bank where he has spent the past seven years, initially in a Lending Manager and Senior Lending Manager role, handling key broker accounts.
In 2015, Dan was promoted to Team Manager, Residential Mortgages, with responsibility for underwriting high value and complex applications and seeing them to completion.
Octane Capital, which launched in May 2017, prices according to risk rather than Loan-to-Value, meaning each loan is uniquely constructed rather than off-the-peg.
In January, having focused on non-standard loans for its first nine months, Octane made its product-less lending model available to all short-term loan applications.
Octane has hired aggressively since launch, expanding from an initial team of three to 17 – with more senior hires to be announced soon as it implements its growth strategy.
Dan Tyson, Credit Manager, Octane Capital, commented:
“I’ve always enjoyed challenging myself and there’s no better place to do that than at Octane Capital, which has ripped up the rule book with its product-less, third generation lending. I can’t wait to get stuck in and help the company achieve the impressive growth targets it has set itself in the years ahead.”
Matt Smith, Director of Risk, Octane Capital, added:
“The Octane risk team is quickly starting to form into the most impressive I’ve worked with. The expertise and experience levels we’re bringing in are off the scale. Crucially, all our credit team can effortlessly shift from everyday vanilla deals to the most complex loans in the market, which provides instant reassurance to the brokers we work with. Increasingly, we’re seen as a one-stop shop for both standard and non-standard loans.”