Pallas Capital appoints head of credit risk

Specialist bridging and development finance lender Pallas Capital has appointed Darren Rix as head of credit risk.

Darren joins with 37 years’ banking experience, including senior credit risk and corporate real estate roles at Barclays, Bank of Scotland, Santander and Hampshire Trust Bank.

He has also led credit functions for specialist non-bank development finance lenders, bringing extensive expertise in lending decisions and real estate finance.

In his new role, Darren will oversee Pallas Capital’s credit risk function, managing the applications process, credit papers and lending decisions as the business continues to expand its UK operations.

Darren said: “Having worked through the financial crash and several cycles since, I know what disciplined credit risk looks like when markets get difficult, and what it takes to back the right developers through them. 

“Pallas Capital has real ambition, and this is a fresh challenge for me. 

“I want to help build the business into a formidable lender and the go-to name in our market.”

Darren’s appointment reflects Pallas Capital’s continued growth in the UK, strengthening its credit risk capability as demand for specialist bridging and development finance continues to increase.

Uliana Kuzmis, chief credit officer at Pallas Capital, added: “Darren is one of the strongest credit professionals I have ever come across. 

“His experience spans multiple cycles and covers exactly the segment of the market we focus on, bridging for experienced borrowers and development finance for SME and mid-level developers. 

“Darren’s appointment reflects the scale our UK team and pipeline have reached, and the importance we place on maintaining rigorous credit standards together with speed and efficiency as we grow. 

“He is a strong addition to Pallas’ management team, and I'm looking forward to working closely with him again.”

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