George Patellis has stepped down as chief executive of Tiuta due to family and personal circumstances.
Steven Nicholas, chairman of Tiuta, will assume the role of interim chief executive while the board searches for a successor.
Patellis said: “Due to family and personal circumstances, it has become necessary for me to return home to America to be with my family but I take with me many fond memories of my time with the team at Tiuta.
“I am very proud of all of the progress we have made in developing the business and I have no doubt Tiuta will continue to go from strength to strength and build on these advances.”
Patellis was formerly the joint managing director of Preferred Mortgages and was hired with the task of developing Tiuta as a short- to medium-term lender.
