HTB

HTB hires head of portfolio management



Hampshire Trust Bank (HTB) has appointed John Archbold (pictured above) as head of portfolio management for its development finance division.


In his new role, John will build a portfolio management team for HTB to ensure live development finance loans are proactively managed, while holding high-level responsibility for the bank’s policies, procedures, and property-related decisions.

He will report to the bank’s managing director for development finance Alex Upton.

John brings over 30 years of experience in property finance, valuation and development, and joins the company from Aldermore, where he previously oversaw all aspects of property risk, covering residential, commercial and property development.

Prior to this, he held roles at Dunbar Assets and Newlyn Developments (UK).

Commenting on his appointment, John said: “The development finance team has ambitious plans to grow the business, and this represents a great opportunity to work with HTB’s development finance customers to deliver a range of fantastic schemes, both in the residential sectors and in new asset classes. 

“The bank’s recent decision to increase its maximum loan amount for development finance cases to £25m means we will be able to fund more great projects.

“I’m thrilled to be joining HTB at such an exciting time in this journey and am confident that my extensive experience can help bring these ambitious plans to fruition, while ensuring our in-life portfolio of loans are carefully managed and supported.”

Alex added: “In the world of development finance, origination is just the first step – it’s like getting to Old Kent Road in Monopoly.

“What really sets the great development finance lenders out from the pack is their ability to support developers through the life of the project as they move around the board — dealing with unexpected costs, utility companies and chance events and, of course, hopefully passing Go, collecting £200 and building those houses on Mayfair. 

“A great portfolio management team is key to delivering this great service and I am thrilled that John has joined, giving us the benefit of his experience, with plans to build the best portfolio management team in the game.”



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