Mizrahi Tefahot Bank

Mizrahi Tefahot Bank welcomes new head of property finance

Mizrahi Tefahot Bank has appointed Adam Jaffe (pictured above) as its new head of property finance in London.

Adam joins the development finance lender from Investec Private Bank, where he was a specialist property finance originator. 

Before that, he worked at Denstone Group and Stenham Property. 

In his new role, Adam will work with Mizrahi’s team to bring new clients to the bank and continue to provide high quality lending — in the form of pre-planning, development and investment loans — to its existing borrowers. 

Adam said that he decided to take the position at the bank due to its team’s client-centric focus and belief in quick decision-making. 

“I came from a real estate equity background before moving into lending and understand the priorities of both borrowers and lenders,” commented Adam.

“The key, though, is to operate as a partnership, and Mizrahi takes this approach with all our clients.”

The announcement follows three new appointments at the finance provider since September 2021 — including assistant relationship managers, Rebecca Peek and Tom Donohoe, who joined from NatWest and Arbuthnot Latham, respectively — with the team now totalling 15 people.    

Matthew Plax, head of corporate banking at Mizrahi Tefahot Bank, added: “The London branch has seen solid growth in both its loan book and profitability over the past 10 years, and Adam brings with him significant real estate and lending expertise with a view to taking the property finance team to the next level. 

“He has an excellent reputation in the market among borrowers, brokers and professional advisers, and his decision to join us is a major coup for the bank.

“Our property lending division has been the engine room of the branch’s success for many years now, but we know that our reach has been relatively short, so we will be working very hard to get our name into the marketplace this year and Adam will join me at the forefront of this campaign.”

The lender offers individual facilities between £1m and £30m in Greater London and selected commuter-belt locations across the South East. 

In 2023, the branch will be celebrating its 40th anniversary in the UK market.

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