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RedZed appoints COO

The non-bank lender has announced Paul Dontschuk has stepped into the position of chief operating officer.

RedZed has announced two appointments to its leadership team, including former chief transformation officer, Mr Dontschuk as chief operating officer and one of the company’s founding team members, Loralle Slater, as the company’s chief sales & marketing officer.

Mr Dontschuk assumed the role of acting COO during the six-month service leave of Ms Slater.

After successfully leading the organisation during Ms Slater’s absence, Mr Dontschuk has been appointed to the position on a permanent basis.

With over 30 years of experience in the financial services industry, his expertise and leadership have been instrumental in overseeing the development and implementation of RedZed’s transformation strategy over the past three years.

Mr Dontschuk expressed his enthusiasm for the new role, stating: The opportunity to lead an expert team who are committed to supporting our self-employed customer base over the past six months as acting COO has been incredibly energising.

“I am delighted to accept the position on a permanent basis.”

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He further emphasised his pride in working for an organisation that is passionate about assisting self-employed individuals and expressed his anticipation for embracing new opportunities built on the foundation of previous investments in transformation.

Simultaneously, RedZed also announced the appointment of Ms Slater as the company’s chief sales and marketing officer.

Ms Slater, a financial services veteran with more than 25 years of experience, brings a wealth of knowledge and a strong project management background to her new role.

Having previously served as RedZed’s chief operating officer since the company’s inception in 2006, Ms Slater returned from an extended six-month service leave, refreshed and ready to tackle new challenges.

Expressing her excitement about the transition, Ms Slater said: I’m really looking forward to channelling my energy into a different area of the business and taking on a new challenge.

“I’ve returned to work feeling energised, focused, and ready to add value where I can – to our team and to our self-employed customers.”

With the combined expertise of Mr Dontschuk and Ms Slater, RedZed aims to continue its journey of growth.

Meanwhile, the lender recently priced its latest residential mortgage-backed securities (RMBS) transaction, named RedZed Trust Series 2022-3, marking the company’s third RMBS issuance for the year 2022.

The transaction, valued at $500 million, represents RedZed’s 15th debt capital markets issuance and brings the total issuance by the company to an impressive $5.7 billion.

RedZed emphasised that the pricing of this latest RMBS transaction incorporates its EU and UK risk retention compliant structure, which has received strong support from real-money domestic and offshore investors across all tranches.

[Related: RedZed fulfills third RMBS issuance aud 500m]

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