Sancus spreads its wings

Sancus Holdings Limited (Sancus) has opened its office in Guernsey and appointed two new people to its team.

The new Sancus (Guernsey) Limited office is located in the prestigious Royal Chambers development on St Julian’s Avenue, in the heart of St Peter Port’s business district.

To further demonstrate Sancus’s commitment to its Guernsey clients the company has appointed David Purdy as Business Development Manager in the Island. David has more than 40 years’ experience in banking, lending and related financial services, with more than 27 years spent in offshore jurisdictions. He moved to Guernsey in 1994 to take up the role of head of Credit Services with Bank of Bermuda. David is a Fellow of the Institute of Credit Management, a Liveryman of the Worshipful Company of International Bankers and a Freeman of the City of London.

Sancus (Jersey) Limited’s business also continues to grow and the company has appointed Steve House as Business Development Manager. His career in banking also spans over 40 years, having moved to Jersey in 1976 and working for a number of highly respected private and high street banking names, most recently with HSBC where he was Senior Premier Manager looking after local clients with complex banking needs. Steve’s knowledge of covers all aspects of banking including foreign exchange, mortgages, lending and client relationship management.

Sancus chief executive Andrew Whelan said “We are delighted to announce the opening of our Guernsey office. The move fits with our growth strategy and is indicative of the increase of peer-to-peer lending activity in the Channel Islands and elsewhere. We are also very pleased to welcome David and Steve to our team. They have extensive industry experience and relationship networks and will play a significant role as we continue to develop.”

Sancus is a Channel Island-based Peer-to-Peer (P2P) secured lending operation, which concentrates on traditional P2P transactions and focuses on working with entrepreneurs and businesses that are creating local job opportunities. Since the company started trading in Jersey on the 1st January it has loaned in excess of £15m, with the largest single deal being £3.5m, and is reporting a strong pipeline of business.

P2P lending is a growing industry worldwide, addressing the demand for funding created by the retrenchment of traditional lenders.