Assetz Capital appoints McDonnell as director of Wales relations

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The peer-to-peer lender says McDonnell has worked in a “variety of business development and financial services roles” and has “a strong background in the technical aspects of business development and finance.” He will be based in Cheshire.

He adds that his new relationship manager has already grown his own start-up company to over 35 employees and has “valuable customer relationship management skills.”

The company says it has strengthened its presence in Wales this year and its recent loan includes a £1.7m loan to property developer New Generation Developments to help build the Old Mill project in Kidwelly, west of Wales, which will provide family homes in the coastal town. by fall 2022.

Assetz Capital’s Regional Director for the North of the UK, Andrew Fraser, said: “John’s top-notch CV benefits from high-quality experience in development finance, and as we aim for record levels loans with our enhanced development finance, his appointment comes at the perfect time.

The company, founded in 2013, has nearly 41,000 lenders, including banks, institutions, corporations and retail investors. It has loaned nearly £1.5 billion since its launch.

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