Kuflink looking at £500m loan book target after management moves

The firm has made several promotions and added new hires to its investor relations team. Working alongside the lender’s peer-to-peer division, the short-term bridging team is targeting a loan book size of £350m to £500m by 2025.

Paul Auger has been promoted to chief operations officer after a year as head of products for Kuflink. Gary Prince becomes chief financial officer after his time as head of financial control and Laura Hetherington is chief of staff and operations. Chief risk officer Hiran Patel will manage the risk team.

Auger said: “Apart from the strategic internal promotions and increasing headcount in all areas, we are also in the process of introducing a new loan origination and management system, which will significantly improve our ability to effectively deal with increased loan volumes.

“Kuflink is preparing for the future with confidence by ensuring that our base is strong and fit for purpose and by attracting the best people to help take us forward.”