Dragonfly Property Finance has hired David Dean as a portfolio manager in its development team.

Dean joins the short and medium-term lender with more than six years’ financial services’ experience. Previously, he worked for boutique bank, FPK, and Lloyds in the corporate real estate division.

His role will be to manage a portfolio of residential developments from start to finish. This involves managing client relationships, closely monitoring the progress of the individual developments and ensuring client finances are being used in the optimal manner.

Mark Posniak, managing director of Dragonfly Property Finance, said: “David is the latest great addition to our rapidly expanding development team. His experience within the financial services industry, in particular his time spent at Lloyds in their real estate division, will serve him very well.

“The ability to manage not just risk but relationships is key for any lender and in hiring David we have both areas very much covered.”

Dean added: “I haven’t been here long but working for Dragonfly has already opened my eyes to a whole new approach to lending. The business model here is hugely refreshing. Working in residential development also means I can have a direct impact on the current housing shortage, which is a massive problem in this country.

“It’s the smaller developers being backed by lenders like Dragonfly that are really starting to make a difference.”