Today: Last Update:

Linkedin Linkedin   |     |   RSS Feed RSS

Breaking News:

Man jailed over £1.3m launder from law firm  masthaven  Brothers jailed over commercial fraud  masthaven  New challenger bank reveals products  masthaven  6 years of NACFB CFE  masthaven  Repeat business vs new business: Does balance matter?  masthaven  Omni Capital becomes RESI Award nominee for 3rd year running  masthaven  Shawbrook Bank to host specialist lending sessions  masthaven  NACFB’s CEO stars on Association Excellence Awards panel  masthaven  Advisor wins football stars' landmark bid  masthaven  Just Cashflow passes £5m milestone before 1st anniversary  masthaven  Merchant Money unveils innovative product range  masthaven  Bridging Lender of the Year headlines B&C Awards 2015  masthaven  3 out of 4 brokers forecast bridging surge  masthaven  Aldermore reboots IPO plans  masthaven  Roma rescues site from repossession with 5 day bridge  masthaven  Charles Haresnape: “Experts will excel”  masthaven  Ezbob parent acquires e-lender  masthaven  Breaking news: Industry titan hits £750m milestone  masthaven  Scottish bank hit with 1004 complaints  masthaven  Law firm forced to shut down  masthaven  Metro Bank sets sights on LSE listing  masthaven  Over 62,000 demand HSBC action  masthaven  Hope Capital completes its largest ever deal  masthaven  Roma Finance joins ASTL  masthaven  Challenger Bank awaits license for summer launch  masthaven  Wellesley & Co. launch first P2P ISA eligible bond in UK  masthaven  Solicitor in hot water over failures  masthaven  FCA fights for wounded Connaught clients  masthaven  FCA strips broker of permissions  masthaven  Aldermore sees profits before tax double  masthaven  Mint rescues client with record-breaking loan  masthaven  Regentsmead partners with UK’s largest building association  masthaven  70% of brokers warm to alternative lending  masthaven  Trending in lending: A new day for bridging regulation  masthaven 

George Patellis and West One Loans part ways

After just three months in his role as Head of Strategy at West One Loans, ex-Tiuta CEO and bridging veteran George Patellis is no longer an employee of the lender.

Patellis was employed back in July of this year to head-up West One’s distribution strategy to develop more introducer relationships.

He is now thought to be working for West One on a consultancy/advisory basis.

Chairman Duncan Kreeger, who once said the hiring of Patellis was a testament to West One Loans’ ambition, has cited “too much travelling” as the reason behind the decision.

Prior to this, Patellis was CEO at bridging lender Tiuta Plc – now in liquidation – from 2009 to 2011 and has taken up various other consultancy roles since 2006.

Patellis was also hired by Montello Bridging Finance as a senior advisor in July 2011 to assist the lender with a number of strategic projects, including assessing the viability of establishing an office for Montello in North America whilst he was based in New York.

At the time of announcing Patellis’ role Duncan Kreeger said: “George has an unrivalled track record in the bridging industry. With his wealth of knowledge and experience, George will be able to unlock doors for us in the packager and distribution world that no one else can.  He combines entrepreneurial flair and negotiation skills with a deep knowledge of the market. He’ll be an invaluable asset.”

George Patellis added at the time: “The West One set-up is genuinely entrepreneurial.  We have a motivated and ambitious group of people here who want to take the business to the next level.  The daily buzz in the office is invigorating – the energy of the company is there for all to see.  I’m looking forward to the challenge of developing new relationships and improving the distribution side of the business.  With so many new entrants in the market, competition is fierce.  Hopefully my experience and business development skills will give West One an extra edge.”

Where will George go next?