Pluto Finance has appointed Stephen Ryan as its lending director for Wales.
Earlier this month, Pluto Finance obtained a £30bn investment from Wales Pension Partnership (WPP) so it can develop affordable housing in Wales.
In his new role, Ryan will leverage his extensive network and deep regional knowledge to aid in the deployment of this funding.
Ryan has a strong track record of supporting and enabling residential and commercial development projects, with almost 30 years of experience in commercial banking. He has most recently worked at Principality Commercial, focusing on helping Welsh residential developers secure funding in order to deliver housing across the region for over eight years. Before this, Ryan held senior positions at Handelsbanken, Santander and Allied Irish Bank.
Justin Faiz, CEO of Pluto Finance, said: “Stephen’s extensive experience in and strong knowledge of the Welsh developer market make him a valuable addition to our team. His appointment significantly strengthens our presence in Wales and means we can hit the ground running in deploying the capital recently provided by WPP and other investors. This will help housebuilders access the capital needed to build affordable homes and support local economies and regional regeneration.”
Ryan added: “I am delighted to be joining Pluto Finance at an exciting time for the company as it launches its local impact investment programme with WPP. The firm’s innovative approach, working closely with local authorities to provide meaningful local impact opportunities, is a fantastic opportunity to support developers across Wales. I look forward to working with the team to help deliver much-needed funding solutions that will drive growth and regeneration in the region.”
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