damani johnson

Glenhawk names new COO and MD

Glenhawk has promoted Damani Johnson (pictured above) to chief operating officer, and Nick Hilton as managing director.

These appointments are part of Glenhawk’s plans for continued growth, as it targets £500m of lending by 2022.

In his new role, Damani, who was formerly head of compliance, will oversee the implementation of the group’s business strategy, alongside managing day-to-day operations, including leading the development of people, systems and processes' frameworks.

Damani joined Glenhawk in 2018 soon after its launch, and has over 15 years of experience in the short-term finance industry.

Nick was previously director of lending for the company and, in his new role, he will continue to support Guy Harrington, CEO at Glenhawk, in devising and implementing the corporate strategy, including the launch of new products.

The two promotions follow the lender’s announcement in December that it had agreed to a £25m funding line with Balbec Capital, the global private investment firm.

Commenting on the appointments, Guy said: “2020 was a landmark year for Glenhawk, which included securing two institutional funding lines and launching our first regulated product, demonstrating our increasing sophistication and maturity as a business, with both Damani and Nick critical to this success.

“Nick’s market leading understanding of the short-term finance space has been key to understanding the needs our borrowers and the evolution of our offering, while Damani has ensured that the business is aligned with the needs of our funding partners. 

“These promotions will help us to continue delivering excellent client service, and as the vaccine rollout gathers pace, we expect both homeowner and professional investor activity to continually pick up, which will support our ambitious 2021 lending target.”

Despite the Covid-19 pandemic, Glenhawk enjoyed a record second half of 2020, generating nearly £800m of new loan enquiries.

Following a strong end to 2020, with over £30m of lending originated in Q4, Glenhawk has now lent over £150m across 213 loans, with a gross asset value of over £275m since launching in 2018.  

Damani said: “As the non-bank lending sector continues to mature, we have focused on ensuring Glenhawk is leading the way in both the implementation of institutional style systems and processes, while making sure that we provide the optimum environment for our growing team to continue excelling.”

Nick added: “Demand for fast and flexible short-term lending solutions continues to trend upwards, and with our institutional backing and growing team, we are well positioned to meet the needs of borrowers who continue to prioritise certainty of funding and deep sector expertise.”

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