Paragon expands development finance team

Paragon Bank’s development finance division has made a series of promotions, including Daniel Cresswell to the position of relationship manager.

Daniel has moved up to the role from senior portfolio manager and will be responsible for the management of a number of client accounts, as well as developing new business.

Daniel joined Titlestone (acquired by Paragon in 2018) as an assistant portfolio manager in 2016 and has developed his career over the subsequent years, taking the position of senior portfolio manager in October 2020.

In addition to Daniel’s promotion, Jess Pilkington, Lilly Sargeant and Megan Andreou have been promoted from junior portfolio managers to portfolio managers. Meanwhile, Andrew Kyprianides has moved to director of credit and operations from senior operational credit manager.

Neal Moy, development finance managing director at Paragon, said: “It’s fantastic to announce these promotions, which shows how you can progress with Paragon with hard work and the right attitude. I’m delighted Daniel is stepping up to this role as he’s ready for the next stage in his career and to take direct management of client accounts, as well as growing the business.

“I’m also pleased to see Andrew step up to head our credit and operations team plus Jess, Megan and Lilly also move up the career ladder. They have progressed well since joining us last year.”

Daniel Cresswell added: “This is a great move for me and I’m looking forward to working with clients, helping to deliver much-needed new housing in the UK. Paragon has helped me to develop my career and skills and I’m looking to build on that further in the new role.”