Jon Salisbury has been promoted to the function of chief govt of specialist lender Ortus Secured Finance following a senior reshuffle.
He will take over from Richard Beenstock who has been within the function since 2013 when the lender launched. Beenstock will proceed to work for the corporate on its board.
Salisbury joined the lender as managing director and has been instrumental in its development. During his time at Ortus, he has overseen round £1bn in lending with none capital losses.
Ortus supplies residential and business bridging loans throughout the UK and has places of work in London, Belfast, Glasgow and Manchester.
Last yr February, the lender was acquired by Icelandic business financial institution Kvika Banki hf.
As chief govt, Salisbury will work with the lender’s newly shaped senior administration workforce to determine development alternatives within the UK property finance sector.
Gunnar Sigurdsson, chairman of Ortus, stated: “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.”
Salisbury (pictured) added: “It has been a privilege to work alongside Richard for a lot of years, and we take satisfaction within the business we now have collectively created. While Richard is stepping again from day-to-day operations, we’re lucky that he’ll proceed to serve on our board and credit score 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.”
Shekina is the business editor at Mortgage Solutions. She has over 4 years’ expertise within the B2B publishing market, with earlier industries together with the accounting, pet, funeral, hospitality, retail and jewelry trades.
She at the moment experiences on present occasions within the mortgage market and liaises with monetary shoppers to provide sponsored content material.
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