Paragon Bank has promoted four employees in its development finance arm.
Dan Cresswell has been promoted from relationship manager to relationship director, and Lilly Sargeant and Megan Andreou have been promoted to senior portfolio managers.
Additionally, Ben Leigh has been appointed deputy director.
Leigh joined Paragon in July last year as a senior portfolio manager. In his new role, he will focus on supporting managing director Neal Moy and leading specific projects including artificial intelligence, as well as developing new business lines and complex transactions.
Cresswell joined Titlestone in 2016 and was acquired by Paragon two years later. He began his career in development finance at Close Brothers.
Meanwhile, Sargeant and Andreou both joined Paragon in 2021 as junior portfolio managers.
Neal Moy, managing director of development finance at Paragon Bank, said: “It’s great to see the progress these individuals have made over the past few years, so these promotions are well-deserved. Career development is very important to us and we are committed to helping develop and support our people.”
“In recent years we have rapidly evolved from a primarily subsidized residential scheme to expanding into new markets – now supporting PBSA, build-to-rent, post-occupancy and pre-let commercial, among others.”
“We have ambitious growth plans and we need the right people to help us deliver them, so I’m delighted to be making these promotions.”
Last month, Paragon Bank launched three limited-edition landlord fixed-rate loans with 75% loan-to-value ratios, with interest rates starting at 3.29%.
