Glenhawk appoints NED to spearhead BTL and RIO product launches

Bridging lender Glenhawk has appointed Caroline Ong as a non-executive director.

Related topics:  Mortgages
Rozi Jones
17th June 2019
Caroline Ong Glenhawk
"The UK property lending and wider financial services sectors remain ripe for disruption, both in terms of available products as well as the technology driving this change"

The appointment comes and the firm announces plans to expand its product range with the launch of regulated bridging, buy-to-let term products and retirement interest-only mortgages later this year pending its FCA application.

Caroline will provide strategic operational and governance counsel to the Glenhawk leadership team as it targets further loan book growth, additional funding sources and new product launches.

Caroline joins existing NED Harry Hill, formerly chairman of Rightmove and former CEO of Countrywide, on the Glenhawk Board, alongside CEO Guy Harrington and managing firector of lending Nick Hilton.

Caroline joins Glenhawk from the specialist mortgage lender Octane where, as a non-executive director she was heavily involved in its successful launch in 2016.

She also spent over seven years as chief operating officer of Pamplona Capital Management’s hedge funds, and then as a portfolio manager of its flagship credit fund. Caroline has also worked for international financial services firms Goldman Sachs, Bank Austria AG and Bear Stearns, in Australia, Singapore, and London.

Since launching in January 2018, Glenhawk has provided over £50 million of primarily unregulated bridging finance.

Harry Hill, non-executive director of Glenhawk, commented: “Caroline is a well known and highly experienced industry heavyweight and her decision to join Glenhawk is a coup for the business and a major statement of intent as we continue to scale up the business. Her signficant operational background, experience of navigating increasingly complex regulatory environments, as well as her adherence to corporate governance, will be invaluable as we continue to mature.”

Caroline Ong added: “I have been following the rapid growth trajectory of the Glenhawk business from afar, increasingly growing its profile and market share to become a lender of choice, and the opportunity to join two of the industry’s leading visionaries in Guy and Harry and support this expansion was too good to turn down. The UK property lending and wider financial services sectors remain ripe for disruption, both in terms of available products as well as the technology driving this change, and in Glenhawk I see the leader of the next wave of businesses that will capitalise on changing client requirements and set new standards for the industry.”

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