Philip Dabbs joins Fiduciam as head of credit

Fiduciam has appointed Philip Dabbs as its new head of credit.

Philip joins the bridging lender from Amicus Finance PLC, where he was head of APF credit and quality assurance.

Prior to that, he was head of underwriting.

In addition, Fiduciam has appointed Thomas Reeve from Amicus as a senior underwriter.

Commenting on his appointment, Philip said that Fiduciam was a well-established, ambitious company with good diversification across its loan book, in both asset classes and countries.

“The future growth plans, strong funding model and management team behind Fiduciam were a key influence in my decision to join.

“My experience of creating and building an underwriting department, including implementing credit strategies, development and implementation of policies including lending, valuations and redemptions, will be key in my role as head of credit at Fiduciam. 

“I have built extensive relationships with brokers, panel managers for valuers and solicitors, which I will continue in my new role.”

Thomas – who brings 18 years of experience across bridging, commercial and development lending – said he had managed and developed credit teams and enhanced key relationships with brokers, valuers and solicitors.

“I am excited to join Fiduciam at this time, given the plans to grow the business, and look forward to developing my career within the underwriting team and Fiduciam as a whole,” said Thomas.

Commenting on both appointments, Johan Groothaert, CEO at Fiduciam, said that Philip and Thomas join them at an exciting time.

“We have plans to grow the business and our loan book over the next 12 months, which we can only achieve by extending our team.  

“Both Phillip and Thomas come to us with extensive experience in the bridging sphere. 

“Their roles within the company give us greater breadth in what we are able to offer our clients, which will prove invaluable as we put our growth plans into action.”

Earlier this week, Fiduciam unveiled plans to hire 25 additional members of staff as part of its strategic platform expansion plans.

The institutionally funded lender also said that it planned to almost double its lending in 2019 by originating £250m in new loans in the course of the year.

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