Peter Shorthouse has been appointed as director of treasury and structured finance for the Paragon Group.

Shorthouse, who joins from UBS where he was head of European securitisation, will lead Paragon’s residential mortgage backed securities strategy.

Paragon announced a return to new lending in the buy-to-let mortgage market in September and plans to arrange term funding in the mortgage-backed securitisation markets once it has aggregated a suitable portfolio of loans.

Paragon’s first securitisation was in 1987 and has completed 53 RMBS deals in total, raising £20 billion.

Shorthouse said: “I’m joining Paragon at a very exciting time – there are multiple opportunities for a company with our skills and resources. Buy-to-let mortgage lending has recommenced and the securitisation market is beginning to find its feet after two years of uncertainty. We plan to re-enter the securitisation market in due course