Tiuta have just announced that their CEO, George Patellis, has left.

The board has begun its search for Mr Patellis’ successor and will be announcing the successful candidate in due course. Until that point, Steven Nicholas will assume the role.

Steven Nicholas, chairman of Tiuta, said: “On behalf of everyone at Tiuta I would like to record our gratitude to George for his commitment to the business and its customers.

“George introduced many innovative changes at Tiuta and he will be a very hard act to follow.”

Before his time at Tiuta, George Patellis was joint managing director of Preferred Mortgages. He was hired by Tiuta in order to develop the company as a short to medium term lender.

George Patellis commented: “Due to family and personal circumstances it has become necessary for me to return home to America to be with my family but I take with me many fond memories of my time with the team at Tiuta.”

He added: “I am very proud of all of the progress we have made in developing the business and I have no doubt Tiuta will continue to go from strength-to-strength and build on these advances. It has been an absolute privilege to work with such a hard-working, dedicated and talented group of people."

By Katie-Jill Rowland