Ed Parsons

Tuscan Capital reveals new CFO

Tuscan Capital has appointed Ed Parsons (pictured above) as its new chief financial officer.

He joins the recently launched bridging lender with immediate effect and – along with CEO Colin Sanders – is a co-founding director of the business. 

Ed has over 20 years of experience in finance and accounting, including 10 years in which he specialised in corporate and structured finance.

He joined a high-profile family office in central London in 2007 and was part of a team of professionals tasked to broaden the office’s offering away from a single asset class.

As part of this brief, Ed formed and structured funding lines for bridging lender Omni Capital Partners – now Fortwell Capital – which entered the market in 2010. 

Colin said he and Ed worked closely together at Omni to help turn it into one of the sector’s best-known names.

“While certainly good with numbers and commendably careful with the company’s treasure, he’s a far cry from the usual ‘accountant’ stereotype.

“With an astute commercial flair and ability to look at the bigger picture, I couldn’t ask for a better senior partner to help us take Tuscan Capital forward.”

Ed added that bridging continued to offer excellent opportunities for new providers willing and able to take the right approach to risk. 

“Having helped launch and grow one successful lender eight years ago, I and fellow co-founder of Tuscan Capital, Colin Sanders, judged there was spare capacity in the sector to accommodate another entrant capable of serving the specific needs of brokers.

“As CFO, I will be taking a hands-on approach and won’t be afraid of getting involved in tasks not usually associated with the role. 

“In particular, I want to give Colin and the first-rate team we’re building  all [the] necessary support to allow the business to expand proportionately and sustainably. 

“One of my priorities in this regard is to secure an additional funding line to help meet the enthusiastic response we’ve received from brokers and introducers.”

Following a strong first quarter’s trading, Tuscan is looking to add to both its sales and credit risk teams and wants to hear from suitably qualified candidates.

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