Close Brothers managing director of Property Finance Rowland Thomas will be retiring from his role at the end of the month following 38 years with the lender.
The company has confirmed that deputy managing director, Daniel Joyce, will step into his shoes.
Thomas has played a major role in shaping the growth of the property finance division over the years, as it has increased its loan book to currently just under £2bn.
In addition to his responsibilities as managing director, overseeing the team of 100, Thomas personally managed a substantial portfolio of clients and funded countless projects over time across all the major property asset classes from small residential projects to large commercial schemes.
His successor Joyce joined Close Brothers Property Finance over 25 years ago initially in a support function before his appointment to relationship manager in 2006.
He was promoted to the Property Finance Board in 2015 and became deputy managing director in August 2023.
Commenting on his departure Thomas (pictured) said: “It has been hugely rewarding working alongside such a high calibre, dedicated and driven team at Close Brothers Property Finance, helping to support SME housebuilders through the ‘good times’ as well as some extremely challenging periods. It has also been a great pleasure and fascinating education to work with so many outstanding developers, investors and professionals over my career.”
