Saxon Trust has hired Marc Osterley as financial controller as the transition and development lender seeks to expand its business
He says Osterley will oversee the day-to-day accounting and work closely with the new commercial team and assist the Chief Investment Officer in managing existing lines of finance and acquiring new sources of funds.
The firm adds that the qualified chartered management accountant will work closely with co-founder and director Andrew Gardiner.
The industry veteran has spent over 25 years in the real estate industry, working for companies including Davis Langdon, Gardiner & Theobald, Ballymore and Hammerson.
Osterley was most recently the financial controller of real estate investment firm Augur Group, where he specialized in preparing and maintaining cash flow for existing projects and assessing the viability and potential profitability of new projects. New projects.
He also produced the group’s management and statutory accounts and piloted their accounting processes. He spent just under seven years with the company starting in 2015.
The accountant also spent nearly 11 years at Hammerson, where his roles included responsibility for the listed developer’s flagship shopping centers such as Brent Cross and the Bullring, as well as heavy involvement in the disposal of its office portfolio.
Saxton’s Gardiner says, “Marc’s investment and development experience, gained with some of the country’s leading real estate companies, ensures that we have secured the services of someone who brings a unique vision and perspective to our team.
“Recent appointments demonstrate our ambition to grow the business and Marc will play a fundamental role in ensuring we meet and exceed our ambitious goals.”
Osterley adds: “Having enjoyed a successful career in the real estate industry, I am delighted to be joining a frontline lender for the very first time.”
Earlier this month, the specialist lender appointed Stuart Munden as its new head of credit and risk.
Munden was recruited by BanyanTree Bank, where he was responsible for risk and credit structuring for just over three years, managing the company’s bridge loans.
Saxon was established in 2006 as Calmez, but launched the Saxon Trust brand in 2020 to expand into a wider range of lending products.