Shawbrook expands development finance team with three new hires

Shawbrook has announced that it has strengthened its development finance team with a trio of new relationship directors.

Philip Kirkwood returns to Shawbrook as senior relationship director following a stint at United Trust Bank and will be responsible for originating new deals and building a portfolio of developers and housebuilders operating across the Southeast of England, including London.

In his new role, Philip, who has over 25 years’ experience in the sector and was also one of the founding members of Shawbrook’s development finance team in 2016, will look to understand the unique requirements of each development project, providing tailored funding solutions.

Additionally, Shawbrook has bolstered its regional coverage by appointing Greg Pescott and Tom Edmunds as relationship directors, overseeing the Southwest & Wales and the Midlands regions, respectively.

Greg and Tom will focus on delivering bespoke funding packages to support developers from the planning stages to the sale of their development projects. Both bring a wealth of experience to the development finance team and are eager to collaborate with Shawbrook’s panel of brokers to support new and existing customers.

Shawbrook has also invested in its loan support function, an experienced team responsible for assisting the relationship directors throughout the lifecycle of a facility, furthering the wider team’s capacity to deliver a premium service to developers across the entirety of their project.

Terry Woodley, (pictured) managing director, Development Finance at Shawbrook commented: “We recently surpassed £2bn in lending which makes it an exciting time for the development finance team. We’re delighted to be expanding the team with some fantastic new hires; it’s great to see Philip return to Shawbrook to be part of the journey, and I look forward to working alongside Greg and Tom as we continue to expand our regional teams across the UK.

“The diverse experience of all our new hires will be fundamental in growing our exposure and strengthening our support for developers, with bespoke funding for their projects.”