Jon Salisbury announced as new CEO of Ortus Secured Finance
Ortus Secured Finance (“Ortus”) has announced the appointment of Jon Salisbury as the new Chief Executive Officer (CEO), replacing Richard Beenstock, who served as the company’s CEO since its launch in 2013.
Jon Salisbury, who has been the Managing Director since its launch a decade ago, has played a pivotal role alongside Richard in shaping the company’s growth and success.
Under their stewardship, Ortus has successfully provided loans totalling c.£1 billion without incurring any capital losses.
Over the years, Ortus has evolved from its roots as a London-based specialist bridging lender for pubs and hotels into a diversified property lender, offering a wide range of financial products.
The company has expanded its presence with offices now located in London, Belfast, Glasgow, and Manchester.
In February 2022, Ortus was acquired by Kvika Banki hf, a commercial bank headquartered in Iceland.
With his appointment as CEO, Jon will work closely with a newly formed senior management team within Ortus to take advantage of growth opportunities in the UK property finance sector.
Commenting on the announcement, Gunnar Sigurdsson, Chairman of Ortus, said:
“The strength of the Ortus business model is a testament to Jon and Richard.
Ortus is well positioned for future growth, particularly as part of the Kvika group.
I have great faith in Jon’s leadership capabilities coupled with the formidable team he has assembled, to propel Ortus to new heights.”
Jon Salisbury shared his thoughts on this transition, stating:
“It has been a privilege to work alongside Richard for many years, and we take pride in the business we have jointly created.
While Richard is stepping back from day-to-day operations, we are fortunate that he will continue to serve on our Board and credit committee.
Since becoming a part of the Kvika group, we have experienced exceptional growth, and I am looking forward to the next phase of our journey.”