A Dorset-based property finance specialist has appointed a new chief executive officer.
MSP Capital announced that Leigh Bartlett has joined the company, bringing with him more than 20 years of director-level experience in the financial and technology sectors.
Mr Bartlett has held senior positions at several companies, including Portuguese bank Novo Banco, Masthaven Bank, FNZ Group, NatWest Group and Westpac New Zealand.
The announcement of his appointment as CEO follows several months of familiarisation with MSP Capital and its operations.
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Mr Bartlett said: “I am excited to lead MSP Capital and look forward to working even more closely with the talented team to enhance our capability to deliver exceptional financing solutions for customers across the UK.”
His appointment will see him work closely with the established leadership team, which includes Adam Tovey, Lee Merrifield, Nicky Hollamby and Daniel Curtis.
This team has been instrumental in the company’s success.
However, the leadership transition also sees changes within the team.
Former joint managing director Martin Higgins is stepping back from his operational role at the company after 30 years.
Another former joint managing director, Paul Miracca, will assume a consultancy role, continuing to contribute his expertise to the business.
Under Mr Higgins’ leadership, MSP Capital underwent a significant transformation from a family-owned business to a privately-owned one in 2011.
The company expanded its funding lines and entered a new phase as a private equity-backed entity with the addition of Cabot Square Capital as an equity partner and majority shareholder in 2018.
Richard McDougall, partner at Cabot Square Capital, said: “With his breadth of experience in financial strategy and leadership, Leigh will play a critical role as MSP Capital continues to strengthen its delivery of outstanding service and specialist funding solutions.
“His proven track record in driving financial success and process optimisation aligns perfectly with the firm’s goals for sustainable growth.
“We thank Martin and Paul for their hard work in contributing to MSP Capital’s success over many years as a specialist, non-regulated lender for the property sector.
“Both Martin and Paul remain shareholders and back the remaining management team to lead the business forward to future successes.”