Oblix Capital has appointed Richard Payne joining as its new director of development.

With over 35 years’ experience in real estate development, Payne (pictured) joins the specialist bridging and development funder from Bank of London and the Middle-East (BLME), where he most recently held the head of real estate finance role.

He has also held director roles at Deutsche Bank, Turner & Townsend and Kaupthing Singer & Friedlander.

Rishi Passi, CEO at Oblix Capital, said: “It’s a pleasure to welcome Richard on board, he brings extensive knowledge coupled with a comprehensive understanding of the development market at a time where Oblix is going from strength to strength – I have no doubt he’ll have an immediate impact on the growth of our development loan book.”

Payne added: “I am delighted and excited to join Oblix Capital. The business is expanding and growing its development lending platform leveraging off the impressive development projects Oblix have funded already.

“I am looking forward to working with the team and introducing new clients and new projects over the coming months.”