Magnet Capital has appointed Simon Pollins as chief financial officer (CFO).
Pollins brings more than 30 years of experience across residential mortgages, family offices, private equity and specialist lending. In his new role, he will oversee the development finance lender’s financial operations, strategy and capital management. He will also support co-founders Ashley Ilsen and Sam Howard with its long-term plans.
Pollins said: “I am truly excited to be joining the team at Magnet Capital, having joined at pivotal moments in many lending businesses, the reputation the team at Magnet currently have sets it apart.
“I’m looking forward to working with the team to help build upon the already strong foundations in place as they continue to grow the business and ambitions for the future.
“Whilst the market challenges which we currently face put pressure on the property development industry, the plans to further strengthen the offering in order to support intermediaries and clients shall be a key part in ensuring positive outcomes for all involved.”
Howard said: “Simon brings exactly the kind of experience we were looking for.
“He is hugely experienced as a finance director, but what really sets him apart is that he also understands lending from the inside, having held senior roles within finance businesses.
“That gives him a great combination of technical financial expertise and genuine commercial understanding.”
Howard added: “As Magnet continues to develop, having someone of Simon’s calibre and experience in the CFO role is a real asset.
“We’re delighted to have him on board and I’m looking forward to working with him as we take the business forward.”
