Fryers moves over from Mortgages plc where he was head of corporate development. In his new role, he will be reporting to Olivier Defaux, a director within the Merrill Lynch Residential Real Estate group in EMEA.
Fryers’ main responsibility will be developing and managing relationships with whole loan buyers and investors, as well as negotiating whole loan sale agreements on behalf of the company’s UK mortgage businesses, Mortgages plc and Wave.
Defaux commented: “Paul is a great asset to our business and we are delighted to welcome him on board.” Whilst Peter Beaumont, deputy CEO at Mortgages plc, added: “This appointment amplifies Merrill Lynch’s commitment to developing a well-run programme of whole loan sales in the future.”
Colin Snowdon, chief executive of Wave said: “Paul’s appointment will significantly enhance Wave’s ability to identify and complete successful whole loan sale deals with potential investors. We look forward to working together in the future.”
