Short term lender announces new board member

Short term lender announces new board member


A short-term loan lender has announced the appointment of a new non-executive director to its board.

Tiuta PLC has appointed Simon Engelsman, a qualified solicitor with over 27 years’ experience.

Tiuta CEO Steven Nicholas said: “Tiuta continues to add to the strength and depth of not just our management team but also our Executive Board.  

“Simon has had a long association with Tiuta and his wealth of legal knowledge and experience has been vital over the course of the last five years.  

“We are particularly pleased that Simon will now be joining the Board in a Non-Executive Director capacity as we feel he is a major ongoing asset to the business particularly as we move forward with our recently announced concentration on the professional bridging loan sector.  

Mr Engelsman is a consultant with the commercial law firm, Butcher Burns, which undertakes miscellaneous property, corporate and litigation work but also various specialist and niche areas of law.

He retired as an equity partner with Butcher Burns in March 2009 after spending 11 years with the firm. His particular expertise lies in the area of secured lending with the emphasis on financial regulation and mortgage recovery.

He has a five-year association with Tiuta and has been employed part-time by the lender as the company’s legal director for the last two years.  He joins the board, subject to FSA approval, with immediate effect.

Mr Engelsman is also an Associated Member of the Institute of Credit Management (MICM) where he participates in its secured lending group.   

Mr Nicholas added: “These are certainly exciting times for the business; we have already announced a number of new highly experienced and talented recruits and we fully expect to make further appointment announcements in the next few months.  

“These will be at both Board and team level as we add to the already considerable strength of the overall Tiuta proposition for all our stakeholders.”

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