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Pallas Capital recruits group executive

The non-bank lender has announced the appointment of Jason Arnold as its new group executive — origination.

Prior to joining Pallas Capital, Jason Arnold spent 22 years in the structured finance and real estate sector, having most recently been the owner and managing director of Quattro Finance & Advisory where he reportedly originated around $2 billion in mortgages.

His role with Pallas Capital will have him responsible for driving operational improvement and growth in funds under management (FUM) of the non-bank lender’s suite of CRE debt products across Australia and New Zealand.

Mr Arnold stated: “When the opportunity was presented to not only be a part of the growth of Pallas Capital, but to truly challenge the industry as a leader in the commercial real estate finance sector, it was an offer too good to pass on.

“The professionalism, experience and drive shown by the team, combined with the true care shown for all stakeholders in and around the business made this an easy decision for me.

“I have known and worked with both Dan Gallen and Alexis Holloway for more than a decade and have worked closely with the broader Pallas Capital team on behalf of my own clients for the past three years.

“These relationships have enabled me to closely observe the capabilities and experience of the team in the commercial property and development finance market.”

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Executive director and chief investment officer at Pallas Capital, Dan Gallen, said: It can be difficult to find senior personnel that align with the skill set, culture and expertise that a company such as Pallas Capital requires as it continues to grow, and we are confident that Jason’s wealth of experience and personal drive will see an immediate impact on our business.”

Pallas Capital offers borrowers five core loan types including acquisition, pre-development, construction, residual stock, and vacant land loans along with offering flexibility to negotiate LVRs and required levels of presales for construction loans.

Expansion into Queensland with new hires

Pallas Capital recently appointed Bianca Wise (partner — distribution), Darragh O'Riordan (head of origination), and Peter Blanc (senior credit manager) as a part of its expansion into the Queensland market.

Commenting on the new hires at the time, Pallas Capital executive director Mark Spring said: “In a competitive market such as the non-bank lending space, it can be difficult to find senior personnel that align with the skill set and expertise that a leading company such as Pallas Capital requires as it continues to grow.

“We feel extremely excited to welcome Bianca, Darragh and Peter to the Brisbane office as it expands, bringing with them a wealth of experience to their various roles.”

[RELATED: Pallas Capital eyes Qld expansion with new hires]

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