Key appointment made at Paragon

The Paragon Group of Companies has appointed Peter Shorthouse as director of treasury and structured finance.
 
He joins from UBS where he was head of European securitisation, and will spearhead Paragon’s residential mortgage backed securities strategy.

The appointment follows Paragon’s return to new lending in the buy-to-let mortgage market, with its plans to arrange term funding in the mortgage-backed securitisation markets once it has aggregated a suitable portfolio of loans.
 
Paragon is a pioneer of securitisation in the UK mortgage market, issuing its first deal in 1987. It has completed 53 RMBS deals in total, raising £20 billion.
 
Shorthouse has over 20 years’ experience in the securitisation market and was instrumental in its development during the 1980s.

He said: “I’m joining Paragon at a very exciting time: there are multiple opportunities for a company with our skills and resources.

“Buy-to-let mortgage lending has recommenced and the securitisation market is beginning to find its feet after two years of uncertainty. We plan to re-enter the securitisation market in due course, consistent with Paragon’s long-term growth strategy."