Tiuta Plc has secured the services of specialist lending stalwart George Patellis

He is the former joint managing director of Preferred Mortgages and has over 18 years of experience building lending operations in America, Canada, Australia, Germany, and Central America.

Patellis was part of the Barclays backed MBO at Preferred and its subsequent sale to now defunct Lehman Brothers

He has been appointed as a full time special adviser to the board of Tiuta and will take up his role during August.

Patellis said: “Naturally I’m delighted to be back. Lenders have had some seriously tough challenges over the last 24 months