Secured loan packager Chaseblue Loans has embarked on a recruitment drive, growing its broker manager and administration support teams from seven to 14. 

Following a recent investment from Y3S Group, Chaseblue trades as a separate entity while at the same time being able to draw upon the group’s central resources including HR, marketing, IT, finance and compliance.

Ben Gillespie (pictured), managing director of the South Wales-based packager, said: “With Y3S and Chaseblue growth plans aligned, I think we can really become a powerhouse in this market.  As a group we currently complete around 12% of all second charge loans written and with the recent investments we have made in recruitment and training, together with a greater demand for alternative finance solutions fuelled by regulatory requirements, I only see this percentage increasing.

“We plan to grow the team to 20 by the end of this year and to 35 by 2016. This, coupled with our structured training programme is evidence of our commitment to comply with regulatory changes. We want to ensure Chaseblue is ahead of the pack when it comes to compliance and already go above and beyond what the FCA requires. These are truly exciting times all round.’”