Fiduciam continues rapid expansion

23 October 2019

Fiduciam has met its target of hiring 25 new staff members in 2019 having hired ten new people during the Summer. Its team now combines 15 nationalities speaking 21 languages. By the end of this year, it now expects to exceed both the number of hires and its loan book target, set out in its strategic plan in January, of £250 million.

Fiduciam is on a strong growth drive; based in London, it is making its mark with its international lending of bridging loans. It commenced lending in Germany earlier this year, continues to expand its Dutch, Spanish and Irish operations and has hired two additional senior business development managers in the UK, in particular Chris Parr covering the North of England and Maria Magnussen who covers the South-East.

An important element of Fiduciam’s commitment to its employees is the comprehensive training it provides. This consists of 27 modules, covering a wide array of subjects such as cash flow analysis, real estate valuation, legal documentation and credit analysis, and has proven to be very popular with those joining the bridging industry.

Fiduciam became a signatory of the Women in Finance Charter earlier this year and nearly 50% of its employees are women. Fiduciam also hires actively from universities, with six new graduates having joined in the late Summer.

Johan Groothaert, chief executive of Fiduciam, says: “We are very impressed by the quality and diversity of our new intake. We are very proud of our culture and our team – in fact they are the most important assets of our company. We celebrate the creativity and entrepreneurialism our young and diverse workforce brings us.”

The company also recently announced the expansion of its all-female Spanish team to eight, combining experienced underwriters and recent graduates, introducing bridge lending to Spain and filling a vacuum left by traditional lenders in the Spanish market.