Ortus snaps up Richard King

Richard will move to the specialist lender, where he will serve as business development manager looking after a portfolio of brokers across the UK.

The appointment comes after Ortus reported a doubling of its loan book over the past six months, following the second closing of its fund, which has a lending capacity of £60m. 

Ortus has also expanded its offering and recently announced that its maximum loan size had increased to £25m, while its minimum interest rate had fallen to 0.65% pcm.

Speaking of his appointment, Richard said he was delighted to have joined a lender that was growing fast and had some fantastic products.

“Ortus has won several awards for product innovation and service excellence and I look forward to helping the company in the next phase of its growth. 

“In an increasingly competitive market place, Ortus is growing its share and I relish the challenge of building on its success so far.”

Jon Salisbury, managing director of Ortus, added: “Richard is really well known in the industry and we are delighted to have him on board. 

“He has a really positive attitude and loves getting deals done.”

Last week at the Bridging & Commercial Awards, Ortus was awarded Specialist Product of the Year for its Northern Ireland product range.