Glenhawk has announced the appointments of Damani Johnson as chief operating officer and Nick Hilton as managing director.
The lender is targeting half a billion pounds of lending by 2022, following the announcement in December that Glenhawk had agreed to a £25 million funding line with Balbec Capital, the global private investment firm.
Formerly Glenhawk’s head of compliance, in his new role as chief operating officer, Johnson will oversee the implementation of the group’s business strategy alongside managing day to day operations, including leading the development of people, systems and processes frameworks in order to support Glenhawk’s growing headcount. He joined Glenhawk in 2018 soon after its launch and has over 15 years of experience in the short-term finance industry.
Hilton has been promoted to managing director. Since 2008, he has been responsible for lending over £650 million of residential and commercial bridging finance. He joined Glenhawk at the end of 2017 ahead of its launch and, alongside CEO Guy Harrington, has been instrumental in the growth of the business.
In his new role he will continue to support Harrington in devising and implementing the corporate strategy, including the launch of new products, building on his previous role at Glenhawk, where as director of lending, he oversaw all aspects of the lending programme.
Harringto said: “2020 was a landmark year for Glenhawk, which included securing two institutional funding lines and launching our first regulated product, demonstrating our increasing sophistication and maturity as a business, with both Damani and Nick critical to this success. Nick’s market leading understanding of the short term finance space has been key to understanding the needs our borrowers and the evolution of our offering, whilst Damani has ensured that the business is aligned with the needs of our funding partners.
“These promotions will help us to continue delivering excellent client service, and as the vaccine roll out gathers pace, we expect both homeowner and professional investor activity to continually pick up, which will support our ambitious 2021 lending target.”