New managing director and head of credit named
Two specialist lenders have announced key leadership appointments as part of their ongoing expansion strategies.
Offa, an Islamic property finance fintech, has appointed Naseer Ahmed (pictured left) as managing director of bridging and development finance. The hire follows a series of recent appointments as the company accelerates its growth plans.
Ahmed brings more than 20 years of experience in banking and finance, with a particular focus on bridge and development finance.
Commenting on his new role, Ahmed said he was thrilled to be joining Offa at such an exciting time. “This is a unique opportunity to contribute to a company that is redefining the finance industry through a commitment to ethical principles and innovative solutions,” he said.
Offa, which recently secured FCA authorisation to offer Sharia-compliant home purchase plans across the UK, acquired the Alburaq home finance portfolio from Bank of Ireland, adding more than 350 plans through a unique funding structure. The company operates a no-interest, ethical finance model in line with Islamic principles, excluding investment in sectors such as alcohol, tobacco, animal testing, and arms.
Meanwhile, United Trust Bank (UTB) has appointed Lisa Thomas (pictured right) as head of credit for asset finance. Thomas joins from Société Générale Equipment Finance, where she was head of strategic and portfolio risk. Her career spans over two decades with experience in credit management across several major funders.
“UTB has established an excellent reputation for getting deals done quickly and efficiently by actively encouraging direct communication between brokers and underwriters,” Thomas said. “I am excited to have the opportunity to lead UTB’s highly regarded and knowledgeable asset finance credit team as the bank continues to develop its asset finance offering and pursue further growth.”
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