CrowdProperty chief executive and co-founder Mike Bristow (pictured) is stepping down from the helm of the UK property development finance platform, to be replaced by Steve Deutsch.
Bristow, who has headed up the firm since 2018, will be leaving the role to take “a well-deserved sabbatical”, CrowdProperty said.
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Deutsch (pictured right) has a wealth of senior-level experience at early-stage businesses, established firms and listed company environments.
He has held board-level roles within financial services organisations since 2006, including chief executive positions at GB Bank and Wesleyan Bank.
“We’re thrilled to welcome Steve Deutsch as our new chief executive, and look forward to a year of positive transformation,” said John Mould, chairman at CrowdProperty.
“Steve’s leadership experience and track record in driving growth and operational excellence will be crucial to enhancing our position in the market.”
Deutsch added: “I’m excited to join CrowdProperty at such a pivotal time in its journey. The company’s talented team, industry expertise and innovative technology provide the perfect platform to drive growth and deliver even greater value to our community of developers, brokers and investors.”
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CrowdProperty has lent out £432m to date, funding the development of 3,811 homes.
In January 2024, CrowdProperty reported its most profitable year to date in its annual results. The firm posted operating profit of £1.184m for the year ended 31 March 2023, up from £377,000 the previous year.