Market Financial Solutions appoints Head of Sales
Bridging lender Market Financial Solutions (MFS) has hired Andy Reid as its new Head of Sales, UK. Andy will be responsible for leading MFS’ expanding team of sales executives and business development managers.
With 37 years of experience working in the finance and property sector, Andy brings a wealth of knowledge and expertise to the MFS team.
He previously served as Director of Sales at Oblix Capital; a position he held for over two years. Before that, he worked as head of Business Development at Hampshire Trust Bank.
Andy’s appointment is part of MFS’ ambitious growth strategy for 2020.
MFS has noted a sharp increase in market demand for bridging loans, with brokers and borrowers voicing frustration with the time delays and stringent lending criteria being employed by high street lenders due to COVID-19.
In response, MFS recently launched a £60 million COVID-19 recovery fund for property investors to have immediate access to specialist finance loans.
The hiring of Andy also ensures MFS is best positioned to meet the needs of its old and new clients during the COVID-19 pandemic.
Paresh Raja, CEO of MFS, said:
“I’m pleased to welcome Andy to the MFS team. He joins at an exciting time and his expertise will be vital for MFS as it seeks new opportunities in the specialist finance sector.
At MFS, we are constantly on the lookout for creative thinkers who excel in their respective roles.
Andy is backed by an impressive history of industry achievements, and I look forward supporting his future accomplishments here at MFS.”
Andy Reid said:
“Anyone involved in the specialist finance sector knows about Paresh and his impressive achievement in establishing MFS as a leading bridging loan provider. I am extremely excited to be joining MFS and building upon what has already been an impressive year of growth for the bridging lender.”
Andy will be making his first appearance for MFS at NACFB Expo on Wednesday 28th October.