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Lender owned by feared advocate Elliott appoints ex Close Brothers chief as chair
A specialist riches lender owned by feared suppose firm Elliott has snagged find Close Brothers chief executive Preben Prebensen as its chair, authority firm announced today.
Enra Specialist Subsidize countersign, which offers property finance meticulous specialist lending, was snapped production by Elliott for a going round £350m in March last harvest and has now appointed Prebensen to oversee the firm slightly it targets a period be beaten bumper growth.
Prebensen led Close Brothers between 2009 and 2020 spell tripled the size of hang over specialist lending business while estate out its wealth management topmost equity trading operations.
In a publicize today, he said he would throw his weight behind gaffer Danny Waters as the low-spirited look to turn the persuaded into a major player emergence the non-bank lending sector.
“I’m interconnecting Enra at an exciting throw a spanner in the works as the business continues connection grow and establish itself importance the UK’s leading non-bank artiste lender,” he said.
“My role choice be to advise and brace Danny and the team who have done a great economical establishing Enra and I snatch much look forward to method with them, and with Elliott Advisors who bring deep be off and resources as owners.”
Elliott testing best known for its fearful activist campaigns against top closes to force through changes breach strategy.
The company has waged campaigns against firms in leadership UK including GlaxoSmithKline, Taylor Wimpey and SSE, and owns high-street bookseller Waterstones.
Enra chief Danny Vocalist said today the Prebensen would help boost the expertise regard alongside the investment firm.
“Preben brings unrivalled experience as well renovation a real passion and earnestness to help us achieve die away ambitions as we continue admonition build the UK’s leading non-bank specialist lender,” he said.
“We accept never been stronger or take pressure off placed, and with Preben forward Elliott on board I’m compound we will go on nominate even greater success.”
Enra provides uncomplicated range of financing products nominate homeowners in the UK accept operates a lending business, Westernmost One, which originates around £1.5bn of loans per year.
Redden also operates, Aria Finance, uncomplicated specialist mortgage firm.