RAW Capital Partners has hired Mark Stevens as its new Head of Credit.
Stevens brings over 40 years of experience in the banking sector, having held senior roles in both offshore and onshore credit departments at notable organisations such as Northern Trust, Butterfield Bank, and Barclays Bank.
In these positions, he has been a member of multiple credit and risk committees, handling lending propositions related to property, investments and direct loans to funds and hedge funds. His responsibilities also included loan recovery and managing operational risks, such as ensuring compliance with the Guernsey Financial Services Commission Handbook and overseeing client file reviews for accounts categorised as PEP, high, and normal risk to maintain quality control.
Drawing on this extensive experience, Stevens will take up a new position at RAW Capital Partners to optimise processes, develop the teams by helping them to better understand and mitigate risks associated with the business, and contribute to the firm’s product development.
The Guernsey-based investment management firm, through the RAW Mortgage Fund, provides specialist mortgages to foreign nationals and UK expats looking to invest in UK buy-to-let property, as well as mortgages for Channel Islanders. The Fund has a nine-year track record of providing investors up to 8.57% floating annualised returns.
Stevens said: “I’m excited to join a smaller, dynamic team with big ambitions in a growing environment. The speed and flexibility of RAW Capital Partners' service offerings were key attributes that attracted me to the role, and I look forward to contributing my experience to the business. In a smaller organisation, I believe I can add significant value and help grow the business, taking advantage of the flexibility to make quick decisions free from the complexities often faced by larger banks and financial institutions.”
Ben Nichols, Interim Managing Director of RAW Capital Partners, added: “I’m pleased to welcome Mark to the team. It’s an exciting time for the business, and I’m sure that his extensive experience and expertise in credit risk management will be invaluable as we continue to grow and enhance our service offerings. I’m excited to see how our products and teams develop under his leadership.”
