Avamore Capital expands leadership team

By Bridging Loan Directory 6th September 2021

Avamore Capital has appointed Alan Margolis, former director of bridging at Masthaven Bank, to join its senior leadership team alongside Philip Gould and co-founders Michael Dean and Zuhair Mirza.

The hire comes as part of the lender’s ambitious growth plans and, will add further momentum to Avamore’s journey in becoming one of the leading lenders in the development and bridging space, and wider specialist finance market.

Margolis, who will be a director of the business, will be joining the group of dedicated individuals that have been responsible for the lender’s success to date.

He will play an integral role in leading the business through its next phase of expansion whilst also overseeing the strategic and operational evolution of Avamore Capital.

Prior to spending 3 years at Masthaven Bank, Margolis held the position of director of bridging at United Trust Bank for approximately 7 years.

Having been integral to the growth journey of two significant industry players, Margolis’ background and expertise will help guide the lender to scale the business successfully and sustainably.

At Avamore, Margolis will lead Avamore’s management team and be a member of the board and credit committee.

His role will involve developing and executing strategic initiatives while also leading all commercial aspects of the business and identifying opportunities to build upon the business’ infrastructure.

In addition to his role in helping to lead the business, Margolis’ remit will cover a broad range of areas, including systems, processes, and technology, where Avamore’s two main priorities will be to deliver enhancements to brokers, clients and service providers and ensure the reliability and integrity of the business in the longer term.

Zuhair Mirza, Co-Founder and Director of Avamore Capital commented:

“We have known Alan for many years and are absolutely delighted to have him join the senior leadership team.

Alan brings a wealth of industry knowledge and relationships with him and we are excited for him to apply his expertise to fast-track our growth further.

We have a team of ambitious self-starters who have been responsible for Avamore crossing significant lending milestones and being recognised in several industry awards for service and innovation.

Under Alan’s leadership, we believe this team will go from strength to strength, and we expect that Avamore’s lending volumes will increase substantially.

Alan’s appointment is an important step in Avamore’s evolution as the we look to increase market coverage, drive efficiencies and deliver outstanding customer service for our borrowing and broking partners.”

Michael Dean, Co-Founder and Director added:

“Alan’s experience and knowhow, combined with his shared cultural values make his appointment something for everyone in the company to be really excited about.

It is a significant achievement and milestone for the firm to have attracted such an accomplished industry star.

With other forthcoming senior appointments, this will further cement our position as a major player in the development and bridging space and act as a springboard for the long-term growth of the company.

On a personal level, Alan’s a really good guy and we are all really looking forward to working with him”

Alan Margolis Director of Avamore Capital commented:

“It did not take much persuasion by Zuhair and Michael for me to agree to join them and be part of the next step in Avamore’s journey to become a leading lender in our chosen markets.

The ambition, energy and incredible quality and drive of the team are a fantastic platform to grow our business.

Tremendous opportunities are available to specialist lenders that have vision and are prepared to back their staff and their broker partners.

As part of the executive management team, I will use all my experience and industry connections to achieve and even exceed our ambitions”.