Close Brothers Property Finance has appointed Shon Pallickaleth as business development director.

Pallickaleth joins from Lloyds Banking Group, where he spent 15 years, most recently serving as relationship director, leading the bank’s real estate business for the South West of England and South Wales.

He has originated and executed high-value, complex real estate transactions across all major commercial and residential asset classes, working closely with private investors, family offices and property developers throughout the UK.

At Close Brother’s, Pallickaleth will strengthen the business’s regional footprint across the Midlands, South West of England and Wales.

He will focus on growing the firm’s presence in the Midlands, South West and Wales, providing tailored financing solutions for privately owned developers and housebuilders across the region and supporting delivery of residential, Build to Rent, and Purpose Built Student Accommodation.

His appointment reinforces the business’s commitment to bolstering regional expertise and on the ground support.

Alongside his banking career, Shon serves as a non executive member of the Homes & Treasury Committee at Brighter Places Housing Association.

Close Brothers Property Finance chief executive Phil Hooper says: “Shon’s appointment marks an important step in expanding our regional expertise and strengthening our presence across the Midlands, South West and Wales. As the business continues to grow, enhancing our coverage in key regional markets is a strategic priority for us.”

“Shon brings a wealth of local market knowledge, strong client relationships and extensive real estate finance experience. He will play a vital role in supporting our customers and growing our portfolio in the region, particularly at a time of increased demand for flexible funding underpinned by local expertise.”