View more on these topics

Two new appointments at Olympian Financial

Olympian Financial, one of the UK&#39s largest sub-prime packagers, has made two key appointments as it pushes ahead with its plans for expansion.

Gary Ellis has been appointed head of underwriting at Olympian Financial. He joins from sub-prime lender, igroup where he was an underwriter and team leader. Previously, he was an underwriter at Central Trust.

Ellis says: “I enjoyed a close relationship with Olympian Financial when I worked at igroup and I am very much looking forward to helping make Olympian Financial an established name in the industry.”

In a further development, Paul Warne has been appointed business development manager. He will be responsible for forging relationships with new introducers for Olympian Financial and developing joint sales and marketing initiatives. Previously, Warne was an independent financial advisor.

Warne says: “I am looking forward to bringing my expertise of the financial services industry to Olympian Financial at a very interesting stage in the company&#39s development.”

Mel Fordham, managing director of Olympian Financial, says: “The appointments of Paul and Gary come at a strategically critical time for the company as we forge ahead with our expansion plans. We have enjoyed our best ever month in October and anticipate an excellent year ahead.

“The experience that Gary has will give us the depth and dimension that we need to succeed in our plans. Additionally, Paul has a wealth of sales experience and is extremely motivated.”

The appointment of Warnes continues Olympian Financial&#39s expansion plans and the development of its direct to consumer arm. It is seeking to establish a telesales team and has recently taken over the second floor of its offices in Gants Hill, Essex.


Interest rates on hold

The Bank of England&#39s monetary policy committee kept UK interest rates at 4% last week – for the 12th month in a row, writes Harriet Williams. Pundits say sluggish economic growth overseas and a weak UK manufacturing sector had supported the case for a rate reduction. But strong house price growth and consumer borrowing must […]

The Mortgage Mole

Frying pan to fire? Sniggering and tasteless jokes all round at last Thursday&#39s Broomstick Ball, ably organised by Bristol & West&#39s Deirdre McManus in aid of Cancer Research UK. The auction – which raised £39,500 – was originally due to be hosted by TV scoundrel John Leslie, who inexplicably cancelled the booking last month. Kevin […]

NACFB growth encourages home-grown Code

Members of the National Association of Commercial Finance Brokers heard last week of the organisation&#39s growth in the last year and of attempts to pass a code of practice for buy-to-let lending.Membership of the commercial finance body increased by 14% in the last year to 297, providing a significant contribution to the buy-to-let market among […]

Woolwich pulls out stops to boost its standards

The Woolwich has changed its lending policy in a further attempt to improve service standards. The lender has relaxed requirements for documentary support on all cases above 70% LTV. New applications must be supported by three months&#39 bank statements and a payslip. The Woolwich has also ruled out requirements for references on second properties purchased […]


News and expert analysis straight to your inbox

Sign up