David Dean has joined Dragonfly as a portfolio manager, after gaining six years’ worth of experience at boutique bank FPK (now Fox-Pitt Kelton Cochran Caronia Waller) and Lloyds.

In his new role, David will be managing a portfolio of residential developments from start to finish. This will include managing client relationships and ensuring client finances are being used in an optimised way.

Mark Posniak, Managing Director of Dragonfly Property Finance said: “His experience within the financial services industry, in particular his time spent at Lloyds in their real estate division, will serve him very well.

“The ability to manage not just risk but relationships is key for any lender, and in hiring David, we have both areas very much covered.”

David stated that his Dragonfly experience thus far had opened his eyes to a new approach to lending.

“It’s the smaller developers being backed by lenders like Dragonfly that are really starting to make a difference.”

Dragonfly, which specialises in short- and medium-term finance, made a series of BDM appointments in Q1 following a record month in December 2015.

The lender confirmed last year that it would be rebranding to become part of Octopus Property in the first half of 2016.