Caroline Ong

Ex-Octane NED joins Glenhawk

Glenhawk has appointed Caroline Ong (pictured above) as a non-executive director with immediate effect.

Caroline — who previously served at Octane Capital — brings more than 20 years of commercial and residential real estate experience to the lender.

She will provide strategic operational and governance counsel to Glenhawk’s leadership team, which is targeting further loan book growth, new product launches and additional funding sources.

Harry Hill, non-executive director at Glenhawk, said: “Caroline is a well-known and highly experienced industry heavyweight and her decision to join Glenhawk is a coup for the business and a major statement of intent as we continue to scale up the business.

“Her significant operational background, experience of navigating increasingly complex regulatory environments, as well as her adherence to corporate governance, will be invaluable as we continue to mature.”

Glenhawk is expecting to secure authorisation for regulated mortgage contracts this month, and plans to build up a £500m portfolio in term and regulated loans over the next three years.

The lender will be looking to launch regulated bridging, BTL term products and retirement interest only mortgages later this year.

It has originated over £750m of enquiries since launching in January 2018 and has provided over £50m to date.

Caroline added: “I have been following the rapid growth trajectory of the Glenhawk business from afar, increasingly growing its profile and market share to become a lender of choice, and the opportunity to join two of the industry’s leading visionaries in Guy [Harrington, CEO and founder of Glenhawk] and Harry and support this expansion was too good to turn down.

“The UK property lending and wider financial services sectors remain ripe for disruption, both in terms of available products as well as the technology driving this change, and in Glenhawk I see the leader of the next wave of businesses that will capitalise on changing client requirements and set new standards for the industry.”

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