Gavin — who is a qualified chartered accountant — has worked in the bridging department at United Trust Bank for over eight years and is currently the director of bridging finance.

Before that, he worked as director and CEO of bridging lender Cheval.

He is also on the ASTL’s executive committee. 

“I am delighted to be joining Spring at this tremendously exciting time,” commented Gavin.

“Following the recent financial investment, I see a real opportunity to use my experience to lead and grow the team to become a significant player in the wider specialist finance industry.”

According to the lender, the high-profile addition to its team is a strong statement of intent as it looks to continue its growth in the specialist finance industry.

Andrew Bloom, owner of Spring, added: “We are delighted that Gavin is joining, and everyone is looking forward to him leading the team.

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“It speaks volumes for Spring’s ambitions that this role attracted someone of Gavin’s calibre and experience.”

In October 2021, Andrew bought the majority stake in specialist second-charge lender Spring and made a seven-figure equity investment in the business.

He has since recruited numerous people he had previously worked with at Masthaven Bank, including Claire Newman, Jim Baker, Ginny Warby and Louise Young.

Other senior hires are expected to be announced in the coming months.

In December, the finance provider exclusively revealed in Bridging & Commercial Magazine that it planned to expand into the bridging and development finance markets.

In March this year, Spring launched its bridging pilot scheme with a select number of intermediaries, with plans to roll the offering out to the wider market in Q2.

The bridging range includes regulated, unregulated, refurbishment, and first- and second-charge products.

More details on how the soft launch was received by brokers can be expected in the next issue of the Bridging & Commercial Magazine, out mid-June.