Hampshire Trust Bank expands development finance team

By Bridging Loan Directory 20th July 2022

Hampshire Trust Bank (HTB) has announced the appointment of three new lending directors within its development finance division.

Colin Ness, Richard Payne and Pranav Jain are the latest recruits to the lender as it continues to expand its proposition to property developers.

Colin Ness has over 24 years’ experience in the commercial and real estate sectors, assisting developers and investors deliver on their projects.

He has previously held roles with HSBC, Nationwide, Santander, NatWest and most recently, Aldermore Bank where he held the position of property development manager covering the South West, South East and South Wales regions.

Richard Payne has over 35 years’ experience working in property-related sectors. He spent 20 years at Currie & Brown, leaving as a director in 2006.

He subsequently spent time working at Singer & Friedlander and Deutsche Bank before being appointed head of real estate at Bank of London and the Middle East.

He then became head of development lending at Oblix Capital before joining Adair as director of project monitoring in 2020.

Pranav Jain started his career in banking in 2010 with NatWest before joining HSBC in 2014. More recently he has worked for various international challenger banks such as State Bank of India and Habib Bank AG Zurich.

Alex Upton, Managing Director – Development Finance at Hampshire Trust Bank, commented:

“I’m very pleased to welcome our three new lending directors to HTB. They join at an exciting time for the Bank and come hot on the heels of our trio of business development appointments last month.

They will be responsible for managing our teams across the regions, working with our broker partners to deliver our continually evolving proposition.

Our sustained expansion highlights our appetite for new business, both from existing clients and those new to the Bank.

We are constantly monitoring and refining our development finance offering in order to maintain our position as one of the most competitive lenders in the marketplace.”

Colin Ness, Lending Director at Hampshire Trust Bank, commented:

“I’m delighted to be joining HTB at a very exciting time as the business evolves and I very much look forward to introducing the business to my professional network of clients, helping the team to deliver a trusted, competitive and valued service to the property development industry.”

Richard Payne, Lending Director at Hampshire Trust Bank, commented:

“I am delighted to be back to lending money to developers again and joining the expanding team at Hampshire Trust Bank.

Our targets are increasing but I’m sure that between my network of contacts and the great team at HTB we will build upon the existing book and expand our development finance business further over the coming months.”

Pranav Jain, Lending Director at Hampshire Trust Bank, commented:

“With the new team in place, together with the forward-thinking and focused leadership of Alex Upton, I am excited to join the Bank and make an important contribution.

We are in the middle of challenging economic times but the business is well-placed to support developers with our bespoke solutions.

I think it’s a great time to join HTB and can’t wait to get started.”