Dragonfly Property Finance chief executive Jonathan Samuels is to leave the bridging lender to set up a “new finance venture”.
Head of sales and marketing Mark Posniak will replace Samuels.
It is not known what area of financial services Samuels’ new firm will operate in but Dragonfly confirms it is not in real estate and will not compete with the lender.
Samuels says: “In Dragonfly, I am proud to leave behind a fan-tastic business full of hardworking and dedicated professionals. I have no doubt the business will continue to thrive as it builds on its success to date.”
The lender, which is owned by specialist fund manager Octopus Capital, lent over £1.5bn in the first six months of the year.