His appointment follows a strong year for the business in 2018, which saw a 77% rise in drawdowns compared with 2017.
Ian will oversee client management and business development in Somerset, Devon and Cornwall as RateSetter continues to expand its client portfolio.
He joins RateSetter from structural warranty provider Premier Guarantee, where he managed relationships with a variety of local, regional and national developers across the South West.
Ian has considerable experience in the property sector, having spent over 20 years in retail banking with HSBC and NatWest, following which he spearheaded Davenham Group’s growth into the South West.
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Neal Moy, head of property finance at RateSetter, said: “Ian’s wealth of experience and in-depth knowledge of the sector in the South West will be big assets as we expand RateSetter’s presence.
“Following strong growth over the past year, over 20% of our property development loan portfolio is located in the South West and we are confident that we can build further on this momentum.”
Ian said that he was very much looking forward to helping developers across the South West access the funding they required.
“I strongly believe that relationship managers with expert local market knowledge have a significant role in ensuring that developers receive the best possible service.
“RateSetter, as an independent and respected funder, is committed to providing this support.”