Specialist non-bank lender Pallas Capital has appointed its executive director Mark Spring to the Pallas Group board of directors.
In this role, Spring (pictured above) is tasked to enhance Pallas Capital’s investor experience by strengthening its distribution expertise with additional hires.
“Joining Pallas Group’s board of directors will give me more insight and visibility into both sides of the business, and the opportunity to drive more innovation,” Spring said.
He has been working for Pallas Capital since its inception in 2016. As executive director, he leads the domestic and international capital raising efforts to ensure the business has adequate liquidity to keep pace with its lending activities.
Prior to joining Pallas Capital, Spring was the executive managing director for Prebon Yamane Group and BGC Partners. He has over three decades of experience in international capital markets.
Pallas Capital and developer Fortis form part of Pallas Group, a business that provides specialist investment, lending and development solutions in the property market.
Last July, the investment group passed the symbolic $1 billion mark in transaction.
“Pallas Capital has witnessed incredible growth over the years. We have reached some exciting milestones in the last 18 months, including reaching over $1.3 billion in cumulative transactions since inception and over $800 million in funds currently under management,” Spring said. “Our growth has been made possible by our strong base of investors and lenders, who see value in our product and service.”