Glenhawk, the fast growing UK challenger lender, is pleased to announce that Daron Kularatnam, pictured, formerly of Investec Bank and then Belmont Green Finance, has been appointed as Group Treasurer. His appointment is the latest senior hire for the Company as it gears up for significant growth in 2020, following a period of record lending.
Effective immediately, Daron will be based in London and report directly to CEO Guy Harrington. His responsibilities will include managing the financing facilities and implementing an enhanced funding growth strategy, including modelling future funding lines.
Guy Harrington, CEO of Glenhawk, commented:
“Daron joins us at an exciting time, as we look to build on a hugely successful Q3, operating in a market where appetite for the types of lending solutions that we are providing continues unabated. His 15 years’ experience managing multi-billion pound funding lines and mortgage portfolios aligns perfectly with our growth plans and we look forward to having him on board.”
Daron joins Glenhawk from Belmont Green Finance Limited, where as Head of Treasury Management he structured and developed the Treasury Management department during its start-up phase; was part of the team that built a £1.5 billion securitised book; and was responsible for managing the funding, liquidity and interest rate risks of the business.
Prior to this he spent six years at Moody’s Investors Service in the Structured Finance RMBS team and a further five years at Kensington Mortgages, part of Investec Bank, where he was responsible for a £4 billion portfolio of UK near-prime and non-conforming mortgage assets. Following its sale, he took over as Treasury and Portfolio Manager at Kensington Mortgages, developing the Treasury function and supporting the structured finance deal execution team through a period of fast growth.
Earlier this month, Glenhawk announced that it had originated £24.6 million of loans in the third quarter of 2019, an increase of £21.3 million on the same quarter last year, reflecting its strongest period since launching at the start of 2018. Glenhawk’s now 22-strong team remains on track to deliver on its target of £100 million of new lending by the end of 2019.
“Having followed Glenhawk’s meteoric rise from afar, I can’t wait to work alongside Guy and the rest of the team in supporting the implementation of their exciting growth strategy across all aspects of the business.”