Home Appointments & Contracts Tier One Capital appoints new Portfolio Manager

Tier One Capital appoints new Portfolio Manager

Ross Goldie, Tier One Capital

Tier One Capital Ltd. (Tier One), the Newcastle-based wealth management specialists, has announced the appointment of Ross Goldie as Portfolio Manager within the firm’s direct lending team.

Bringing extensive experience from the financial services industry, Ross will be responsible for overseeing the progress of a growing collection of property developments supported by Tier One on behalf of investors, including the London Stock Exchange listed investment fund TOC Property Backed Lending Trust PLC (PBLT).

Since it was launched on the London Stock Exchange almost three years ago, PBLT, which is managed by Tier One, has grown its portfolio to £27.5m, representing 17 projects, predominately in North East England.

Ross will work closely with the borrowing teams to monitor their developments as they progress projects in the commercial and residential property markets.

Ross, who has relocated to the North East from London, said: “Tier One’s direct lending approach provides an innovative solution to supporting property developers and delivering transparent fixed returns to investors. There is considerable potential in the regions, especially the North East, and I am very keen to play a role in facilitating finance to property developers who require a more personal and common-sense approach to lending.

“The Tier One direct lending proposition is a unique offering for both property developers, as borrowers, and investors, as lenders. It offers property developers access to capital in a very flexible, personal and tailored manner, enabling both institutional and regional investors to invest in a way that delivers a strong return, while making a real positive difference to the North East economy.”

Brendan O’Grady, Fund Manager, said: “Ross’ experience and expertise strengthens the capabilities of our team and continues Tier One’s strategy in recruiting highly credible, professional and respected individuals.”

“We are delighted to be able to continue strengthening our professional resource and expertise by providing Ross with a role that has encouraged him to return to the region. He is an experienced relationship manager in the banking and financial services sector, following a successful career with RBS Group PLC, UKAR and Zurich Insurance Group plc, and is a key part of the growth plans for our business.”