Specialist lender Pivot appoints head of credit

Development funding specialist, Pivot, has appointed Chris King as its new head of credit.

Chris has worked in banking and property since 2005, and has experience in portfolio management, originations, debt recovery, policy creation, and governance.

His career has included roles at RBS, Williams & Glyn, and Secure Trust Bank, where he spent almost seven years in total, first as head of the real estate finance business in London and then head of credit risk, managing a portfolio of circa £1.3bn.

Founded in 2012, Pivot provides loan options to suite a variety of client and project scenarios, for schemes of £2m to £10m GDV. The lender has completed close to £250m in transactions to date, in development and short-term funding solutions.

Chris will add value to Pivot’s day-to-day dealings with brokers and borrowers, providing the necessary information to save time and enable quick communication.

Chris commented: “Pivot is a refreshing outfit that aligns well with my attitude to the role as well as the importance of empowering our credit managers. 

"My vision is to instil confidence in the Pivot team so that they can convey our offering in a way that is clear and compelling to our borrowers. Robust governance feeds into this, but so does an agile policy that is easy to interpret and says what we do and, crucially, what we don’t do.

“My goal is to contribute to Pivot’s ongoing trajectory of success, alongside Shahil [Kotecha, CEO] whose leadership and transparency makes this an aspirational outfit to be a part of.

Shahil Kotecha, CEO of Pivot, added: “Evolving Pivot over the course of the last 12 months has been such an exciting journey.

“I can say, without a doubt, that we have assembled a team of extremely capable, experienced people that are going to drive us towards our goals in 2025 and beyond.

“Chris’s appointment bolsters the management team and improves our overall ability to remain structured but nimble and open to ideas and fresh approaches - something which just makes sense to our borrowers, whose circumstances are rarely straightforward.”