Avamore Capital makes first ever promotion to Principal

By David Craik 29th January 2021

Avamore Capital, a leading development and bridging lender, has promoted Philip Gould to Principal to drive future growth.

Avamore, which earlier this month hit the £250 million total lending milestone, said Philip would join Amit Majithia, Nikolay Petkov, Zuhair Mirza and Michael Dean as part of the senior leadership team.

The move, which marks the company’s first ever internal promotion to Principal, will see Philip continue in his role as Head of Underwriting but also work more closely with senior leadership on the strategic growth and management of the business.

Philip joined Avamore Capital in March 2019 as a Senior Underwriter following his former role as Head of Credit at a Prop Tech lender.

Since joining he has been responsible for completing 60% of Avamore’s transactions. He has led the underwriting team since the start of 2020.

Avamore said Philip was a highly respected member of the company and his move to Principal reinforces the impact he has made during his time there.

It said that he had led the underwriting process in a unique way, opening doors to all partners to gain a greater understanding of operating procedures.

The lender also praised Philip for consistently striving for better results by helping brokers, borrowers and service provides become more prepared in order that deals can reach completion more efficiently.

Commenting on his promotion, Philip, pictured, said:

“I am extremely proud to be the first person promoted into the role of Principal.

I have a great deal of respect for everyone within the business and am looking forward to being a part of the Senior Management.

My main focus in the months ahead will be to continue building an industry leading Underwriting Team which ensures that we provide outstanding service for our customers.”

Amit Majitha, Principal added:

“Philip’s promotion comes at the beginning of a particularly important phase in the further growth and development of Avamore Capital.

Not only is Philip an extremely talented credit underwriter, but he has proven his ability to generate positive solution-driven outcomes with even the most complex of issues.

This is testament to his skill but also demonstrates his commitment to the success of the business.

He holds strong internal and external relationships and is supported by a great team which, under Philip’s guidance, will no doubt flourish in the years ahead.

He is a huge asset to the business, and we look forward to seeing the positive impact he will make across the company in his new role as Principal.”

David Craik

David Craik is a freelance journalist writing news, feature articles, blogs and guides for national newspapers and magazines. His main areas of interest include finance, property and investments.