Prestige hires Rassul Azizi for newly created Credit Director role

Sectors
Banking Financial services
Keywords
direct lending lending lending fund asset-based lending appointment
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Joins Prestige from EFG Private Bank to help with expanded management of private debt portfolios.

LONDON, 4th September 2018: Prestige, one of the leading independent asset managers focusing on SME, agricultural and clean energy financing in the UK, is pleased to announce the appointment of Rassul Azizi as Credit Director for Prestige which will include its UK operations Prestige Asset Management, and international operations Prestige Capital Management and Prestige Fund Management.

Rassul will also be working across Prestige’s two main finance businesses Privilege and Nucleus providing the important oversight required for a large and active portfolio of lending operations (which, between them, have provided almost GBP2 billion pounds of funding to UK small businesses since they were established).

Rassul joins Prestige from EFG Private Bank in the UK, where he was part of the bank’s credit approval team, structuring credit-based solutions and analysing credit requests. Prior to this he was part of the credit sanctioning team with Credit Suisse in the UK with prior experience at Barclays Bank in the UK.

Craig Reeves, Founder of Prestige, commented: “Rassul joins us at an interesting time as we expand both our investment product range and our lending capabilities as part of our drive to develop and diversify our business. We are very pleased to have someone with his excellent track record in the credit market who can bring informed and expert oversight to the operations of our finance companies.”

Rassul’s career spans almost 15 years in financial services, including four years with Barclays Bank and Barclays Wealth Management. Rassul graduated from the London Guildhall University with a BA (Hons) in Banking and Finance.

Founded in 2007, Prestige is a mature and established alternative credit fund manager which has raised more than USD1.5 billion for its lending strategies. Prestige lends to SMEs, agricultural and clean energy projects in the UK via its finance companies in London and Cambridge.

Press release distributed by PressHalo on behalf of Prestige Asset Management, on 4th September, 2018.