Tuscan and Kuflink announce director appointments – round-up

Growth in bridging market

At Tuscan Richard Deacon, joins as sales director where he will be responsible for market intelligence and ensuring that Tuscan’s proposition can compete at all levels, including on product, pricing, and process. He will have a seat on the board alongside Colin Sanders, chief executive officer and Ed Parsons, chief financial officer (CFO).

Deacon was previously at Masthaven for over 14 years, running its sales team and building a nationwide network of brokers.

He started his career in financial services in the 1990s working for HFC Bank, Abbey, and spending several years as a national account manager at Personal Touch Packaging.

Tuscan Capital provides non-regulated bridging finance to the residential, commercial, semi-commercial, HMO, and mixed-use real estate sectors in England and Wales.

Sanders, said: “We are delighted and excited to have secured Richard as our sales director as I have known him as a highly respected industry figure for many years and believe he is an ideal fit for our business to help take us to the next level.

“Since our launch in 2018 Tuscan has built its business in a controlled and methodical way which means we are well-placed and have a profitable and solid platform to support the growth we have planned alongside Richard’s arrival.

“It’s clear that Richard has a passion for the bridging industry, and he is motivated to help build the Tuscan proposition into one of the market leaders.”

Deacon, said: “I am really excited by the challenge of joining Tuscan Capital as sales director. Having seen the funding capacity, the team and culture of the business, and where it has got to in four years, I believe my appointment is perfectly timed to help develop and broaden the distribution to help the business achieve its growth ambitions.”

Last week, Tuscan revamped its residential bridging proposition by reducing its lowest headline rate to 0.64 per cent per month and launched a fast-track process to significantly speed up the application journey.