Zenzic Capital, the real estate credit and special situations investment manager, has made two appointments at its London headquarters.
Richard Clouston joins as vice-president of development finance and brings almost 10 years’ real estate lending experience to the firm.
He joins Zenzic from the Bank of New Zealand, where he spent eight years in their Auckland office, most recently as a client director with a leading role in the delivery of circa £290 million of investment and development finance to real estate clients in a number of sectors.
The firm said Clouston's role will involve "building on existing and establishing new relationships with introducers, UK residential property developers and property investors".
Edward Barnes joins Zenzic as a credit analyst from Westpac Banking Corporation in Melbourne, Australia, where he spent three years as an assistant relationship manager in its property finance team.
He will be responsible for research, financial analysis and transactions underwriting, predominantly for real estate mezzanine and senior debt opportunities at Zenzic.
Both hires will report to Simon Brown, who joined the firm as head of real estate development finance lending at the end of last year.
Brown said in a statement: "These latest hires continue the impressive growth trajectory of Zenzic Capital and will allow us to unlock and complete more lending opportunities as we position ourselves as a leading provider of bespoke real estate finance in the UK.
"Both Richard and Edward have already brought a great deal of ability and enthusiasm to their new roles and I’m sure will be valuable additions to our expanding team. I look forward to working with them both."
In January, Zenzic launched a £500 million UK purpose-built student accommodation strategy, which will invest in existing stock and develop new assets.