Paul Brett, the former head of packager association Freehold, has been made business development director at Borro.com.
Borro.com offer short-term loans of between £500 and £1m against assets of value, from jewellery and luxury watches to sculptures and cars.
Brett’s role is to increase the brand’s base of introducers, from intermediaries to estate agents. He is also looking at working in partnership with bridging providers to allow borrowers to use other assets to secure finance over and above usual LTVs.
Brett says: “My role is to broaden Borro.com’s distribution and look at developing other areas where we can add our expertise.
“Borro.com employs valuers from auction houses Christie’s and Bonham’s who can accurately value assets and provide a higher LTV than any competitor.”