Dragonfly Property Finance has recruited Marc Harris as its new chief operating officer (COO).

He joins Dragonfly from Fidelity Worldwide Investors, where he was a director. Prior to that he was CCOO of Pyramis Global Advisors UK, Fidelity’s institutional asset management company. While at Pyramis, he grew funds under management to £2.5bn in five years by building the distribution, investment research and investment management functions.

As well as management of those business lines, he was responsible for corporate governance, regulatory compliance and third party vendor relationships. Prior to that he was Executive Director and Head of Pyramis Global Advisors UK.

Harris said: “For me, this is a fantastic opportunity to join a highly entrepreneurial and fast-growing market leader in a sector that is thriving.

“Dragonfly has established itself as the major force within short term lending and my role, which I am relishing, is to help it scale for continued growth and increased market share.”

Jonathan Samuels, CEO, Dragonfly Property Finance, added: “In hiring Marc we have made our plans for Dragonfly very clear. The market we are in still has a huge amount of potential. However, to continue to grow we need to scale up and Marc will be working alongside our existing management team of Mark Posniak, Matt Smith and Ludo Mackenzie to make this happen.

“The majority of Marc’s working career has been in large corporates and he is acutely aware of the challenges we will face as we grow, and the systems we need to embed in order to operate efficiently.”