Oblix Capital appoints director of development

With over 35 years’ experience in real estate development, Richard joins Oblix Capital from Bank of London and the Middle-East (BLME) where he was head of real estate finance.

Prior to that, he held director roles at Deutsche Bank, Turner & Townsend and Kaupthing Singer & Friedlander.

Rishi Passi, CEO at Oblix Capital, said: It’s a pleasure to welcome Richard on board, he brings extensive knowledge coupled with a comprehensive understanding of the development market at a time where Oblix is going from strength to strength - I have no doubt he’ll have an immediate impact on the growth of our development loan book.”

Richard Payne added: “I am delighted and excited to join Oblix Capital. The business is expanding and growing its development lending platform leveraging off the impressive development projects Oblix have funded already. I am looking forward to working with the team and introducing new clients and new projects over the coming months.”