Paul Thomas to head Opus Commercial

Paul Thomas, who last year quit as chief operating officer of Mortgages PLC, has joined Glasgow-based Opus Commercial as managing director.

Mortgage Strategy exclusively revealed in December last year that Thomas, 48, was leaving the specialist lender.

Thomas says he will now take responsibility for turning Opus&#39 commercial arm into one of the most respected business finance funding organisations in the UK.

Thomas says: “Opus Commercial was recently established and currently deals solely with Commercial First. I will be expanding it to deal with around 50 lenders and act as a one-stop shop for commercial finance.”

He adds: “My main role is managing director of the commercial arm but I will be using my experience to offer advice across the group.”

Opus says Thomas&#39 senior management experience will be invaluable in developing its offerings including commercial mortgages, leasing finance, factoring facilities, hire purchase credit and bridging finance.

Under Thomas&#39 management the commercial arm of Opus will be known as The Business Finance Centre.

Thomas says: “I am delighted to be joining an innovative company that is highly regarded by lenders and intermediaries alike.”

He adds: “It was important for me to find a fresh challenge that would benefit from my energy and experience. This I have done.”

Malcolm Mercer, managing director of Opus, says: “I cannot think of anyone better placed to help Opus realise its potential than Paul.

“He is widely respected in the market sectors that are relevant to the business Opus is writing – and the business it anticipates writing in the future. In short, his credentials are second to none.”