EstateGuru hires head of capital markets to support UK roll-out
EstateGuru has appointed City veteran Judith Tan as its head of capital markets, to support its recent UK launch and maintain its presence across Europe.
The European peer-to-peer lending platform said that Tan has a target of originating €5bn (£4.2bn) in three years, with the majority from the German entity.
Tan (pictured) has extensive experience in the financial services sector, having held roles at Morgan Stanley, Lehman Brothers, Commerzbank, Nomura, Investec Bank and Northgate Investment Management. Most recently, she served as a director at Native Finance and advised property funds and banks as a consultant.
“Judith has extensive knowledge and experience of both the UK and US markets and an outstanding pedigree, having originated circa $7bn (£5.4bn) in transactions across both sides of the Atlantic and Europe,” said Marek Pärtel, co-founder and chairman at EstateGuru.
“She has already initiated plans to propel EstateGuru’s growth as a leading property investment platform as we continue disrupting the landscape, and will be a real asset to the team.”
Tan will lead EstateGuru’s new European Investment Fund (EIF)-backed credit fund, which is open to institutional investors. The fund uses resources from the European Guarantee Fund that was set up to ensure that European small businesses have access to finance to survive the pandemic.
EstateGuru said Tan will also work with the country teams to attract global institutional funding, with a particular focus on the US.
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“EstateGuru is a forward-thinking player in the real estate investment scene across Europe,” Tan said.
“Having just launched in the UK with the opening of its Manchester office, it’s an exciting time to join and help with its ambitious plans to expand nationwide, as well as focusing on the EIF credit fund to further develop our growth strategy.”
EstateGuru was founded in Estonia in 2013 and has now lent more than €545m in bridging, development, and business loans to over 3,000 projects across Europe.
The platform launched in the UK in March with an office in Manchester and has set a funding target of €17m in the UK this year.