Mark Posniak

Mark Posniak and Matt Smith leave Octopus Property

Bridging & Commercial can confirm that Mark Posniak, managing director, and Matt Smith, director of risk and recoveries, at Octopus Property, have both left the specialist lender.

Mark, who is on gardening leave as of today, was promoted to managing director in September last year after former CEO Jonathan Samuels left the company to start up his new venture Upfront.

Mark has worked at Octopus Property for over eight years, spending almost seven of them in the role of head of sales and marketing.

He was a prominent figure during the rebrand of Octopus Property from Dragonfly Property Finance in October this year.

“I have thoroughly enjoyed my time with Octopus Property and am very proud of the success we have achieved to date," said Mark. 

"While I am excited about the future, I leave behind a hugely talented team and a great business with a fantastic future ahead of it."

Matt, who joined in 2009, was also a member of the original four-man team who launched what is now Octopus Property.

He served on the lender’s management team and was responsible for all lending policies and criteria.

Prior to joining Octopus, Matt built and ran the credit teams at GE Capital and Money Partners. 

Octopus Property has since revealed that Mario Berti, head of Octopus Property, will continue to lead the team. 

Mario wished Mark and Matt his best wishes adding: "They have helped us to build a team of over 40 experienced lending professionals and lay the foundations for the long-term success of Octopus Property. 

"We would like to thank them both for all their hard work over the years and wish them the very best for the future."

Looking to the future Mario added: “Having lent over £2.2 billion to date, Octopus Property has gone from strength to strength in the specialist lending market. 

"Following our recent rebrand, we are looking to the future and will continue to deliver the same market leading service from the same outstanding team across an ever broadening range of products as we grow the business.”

More on this story as it unfolds. 

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