Ian Sutton has joined Phoebus Software Limited (PSL) as a consultant specialising in the funding and financial aspects of lending.
Sutton has been in the mortgage market for over 30 years, including being on the finance team at Edeus.
He has experience of the securitisation and finance modules of the Phoebus solution, having used Phoebus at White Label Loans, owned by The West Brom, and Apollo Global Management which owned Crown Mortgage Services at that time.
As well as expertise in securitisation, he has worked on leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry consolidations.
His role will be defining requirements with both new and existing clients and ensuring that these are delivered through the Phoebus securitisation and finance modules.
As well as looking at loan funding solutions, Sutton will also be working on the Phoebus Development Finance system.
Sutton said: “PSL is expanding rapidly, but sustainably, and has a very bright future. With the Phoebus securitisation module being more regularly implemented by clients due to market demands, there is scope to provide added value and keep the module at the forefront of market requirements.”
Keith Rogers, head of product at PSL, added: “Ian has a long and distinguished career in financial services and will be a real asset both to PSL and our new and existing clients. His knowledge of funding and his practical experience of the Phoebus securitisation and finance modules will be invaluable as the requirements of these areas continue to evolve.”