Short term specialist lender Cheval has announced that its Chief Executive Officer, Alan Margolis, is to leave the company at the end of February.
The Watford-based bridging specialist, who brokers voted Bridging & Commercial’s Bridger of the Year 2009, has commenced interviewing for his replacement and a new CEO appointment is expected to be made during February.
Mr Margolis has been with the company for 13 years, but has decided to leave in order to pursue a new opportunity with United Trust Bank.
Cheval Director, Allan Kay, commented: “We are naturally disappointed that Alan is leaving, but wish him well in his future career.”
Mr Margolis added: “I will be sorry to leave Cheval after so many years, but I am looking forward to my new opportunity.”
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