Bridging lender appoints new CEO

Bridging lender appoints new CEO


It has been announced that bridging loan company, Tiuta, has appointed George Patellis, the former joint managing director of Preferred Mortgages, as its new CEO. 

Mr Patellis has been a special advisor to the board of Tiuta since August this year and has now been chosen to take over from current CEO, Gary Booth.


The firm has confirmed that Mr Booth will remain involved with Tiuta, but will be stepping back from the day-to-day running of the business.


The chairman of the lender, Stephen Nicholas, added that the former CEO “has earned a very well deserved rest”.


Mr Patellis has over 18 years of experience of building and managing lending operations in America, Canada, Australia, Germany and Central America.


He also formed part of the Barclays backed MBO at Preferred Mortgages, and its subsequent sale to now defunct Lehman Brothers.


Mr Patellis said: “Having now had the chance to work closely with the team at Tiuta to fully understand its business model and plans for the future I am really looking forward to the challenges ahead.”     

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