Gerry McHugh has been appointed as director of operations at financial outsourcer Oakwood Global Finance.

He is tasked with continuing to grow Oakwood’s outsourced loan-servicing and origination business and lead the firm’s diversification into servicing the second-charge and unsecured loan sectors.

McHugh comes to Oakwood from Barclays Wealth, where he was the global head of credit operations. Prior to that, he held director-level roles in the mortgage divisions of Lehman Brothers and Global Home Loans.

He said: “There is significant market demand for second charge and unsecured lending