Octane Capital has announced the promotion of four members of its credit team.

Rick Hollingsworth, Jamie Oxley, Nicky Pack and Chris Harrison have all been promoted to senior roles.

Hollingsworth, who joined Octane in 2018 and has been promoted to head of short-term credit, will take on more management of the team, while still being part of the structured finance department, alongside Alex Tyrwhitt and Oxley.

He said: “I’m obviously very grateful for the opportunity and faith shown in me by the business.

“I’m looking forward to being more involved in the broader management of the credit team outside of my continued role in our structured loan proposals.”

Oxley has been at Octane since 2017 and is now senior structured finance manager. He said: “I’m fortunate enough to have shared in the success of Octane since I joined on day one.

“The chance to progress my development, working with Alex and Rick in the structured finance team, is an exciting opportunity for me personally.”

After almost six years at the company, Pack has moved up into the role of senior credit manager, saying:“I am delighted to take the next step in my career with Octane. My new role increases my involvement with more complex credit management, and will see me taking on mentoring responsibilities for our credit analyst team.”

Meanwhile, Harrison is now in the position of senior credit and portfolio manager.

He said: “Since I started at Octane in 2020, I have been interested in both the underwriting and the servicing sides of the business, so to move into this new role and focus on the loan portfolio as well as credit management fills me with excitement.”

Jonathan Samuels, Octane Capital CEO, added: “Rick, Nicky, Jamie and Chris thoroughly deserve their promotions and the extra responsibilities that come with their new roles.

“They have all worked at Octane for many years and shown excellent credit judgement combined with repeatedly delivering for brokers and borrowers.

“Whilst hiring people from outside is important for growth, promoting from within is core to Octane and crucial to developing career paths. Whether that be management responsibility or, in the case of credit, through gaining an increased mandate.

“I wish each of them every success.”

Pictured (L-R):  Jamie Oxley, Chris Harrison, Jonathan Samuels, Rick Hollingsworth, Nicky Pack.