RAW Capital Partners has hired Mark Stevens as head of credit for the investment and mortgage company.
The Guernsey-based company said the banking industry veteran's role will involve “developing the team and contributing to the company's product development by helping them optimise processes and better understand and mitigate risks associated with the business”.
Stevens joins from Northern Trust, where he served as a vice president after just over three years.
During his 40-year career, Mr Stevens has also held senior roles at Butterfield Bank and Barclays Bank.
According to the investment firm, he served on multiple credit and risk committees and was responsible for lending transactions related to real estate, investments and direct lending to funds and hedge funds.
“His [Stevens’] His extensive experience and expertise in credit risk management will be invaluable as we continue to grow and enhance our service offering.”
Stevens added: “The speed and flexibility of RAW Capital Partners' service delivery is the main reason that attracted me to the role and I look forward to bringing my experience to the business.”
“We believe that smaller organisations can add significant value and help grow their business by taking advantage of the flexibility to make quick decisions without having to deal with the complex issues faced by larger banks and financial institutions.”
The investment company's mortgage fund provides specialist mortgages for UK rental properties to foreigners and UK residents, as well as mortgages to Channel Islanders.