Foundation Home Loans, the intermediary-only specialist lender, has today (07 August 2024) announced the recruitment of Matt Blake as Chief Treasury Officer to lead the Capital Markets and Treasury Operations functions.
Blake brings a wealth of experience to Foundation, having previously held senior treasury roles at Pepper Money UK and Together.
The appointment was made by new CEO, Pete Ball as part of his strategy to help Foundation achieve its ambitious goals for the future.
Blake will join George Gee, Chief Commercial Officer; Kelly Pallister, Chief Operating Officer; Nicola Townsend, Chief Risk Officer & Legal Counsel; Chris Lomas, Chief Technology Officer; and Noelle Doherty, Chief Financial Officer, as the executive committee at Foundation Home Loans.
Foundation Home Loans is the trading name of Paratus, owned by US asset managers, Apollo Global Management. The lender restructured to three separate brands in January this year – ‘Buy to Let by Foundation’, ‘Residential by Foundation’ and ‘Solutions by Foundation.’
In April this year, the lender announced it had secured a new £1.25 billion funding line to continue offering its full core range of residential and buy-to-let mortgages.
Pete Ball, CEO of Foundation Home Loans, commented:
“We have a clear direction of travel for the business and it’s vitally important we have the right people in the right roles driving us forward to meet our ambitious plans.”
“This is a time of innovation for Foundation, and I’m confident we have a highly capable, experienced and dedicated team of people, both within the Executive Committee and the entire business, that are going to make a huge difference and contribution to the next stage in our evolution.”
Matt Blake, Chief Treasury Officer at Foundation Home Loans, added:
“I’m delighted to join the team at Foundation Home Loans at such an exciting time for the growth of the business. We have recently expanded the Treasury team with the recruitment of Steve Vance (Capital Markets Director) and Adam Pallister (ALM, Treasury Operations Director). Working with our supportive financing partners, we will seek to expand the product offering to our adviser partners and their borrower clients.”
