Mount Street positioned for continued growth as Ravi Joseph transitions to Executive Chairman Paul Lloyd assumes full role of CEO 14.02.22
Mount Street Group (‘Mount Street’), the leading global third-party loan servicing and credit asset management firm, announces that Ravi Joseph has assumed the role of Executive Chairman, while Paul Lloyd, who was promoted to the position of co-CEO alongside Ravi in 2021, will take the full reins as Group CEO.
The management transition will see Ravi focus on strategic Group initiatives, while also remaining actively involved in Mount Street’s growing Investment Management activities. All other management functions and reporting lines across the business will reside with Paul.
Mount Street, which will celebrate its tenth anniversary in 2023, recently achieved a major milestone in reaching £100 billion of assets under management. Since inception the company has enjoyed significant growth, underpinned by the unique combination of its regulatory credentials; its proprietary technology platform, Credit Hub; and the deep, hands-on specialist sector expertise of its teams in commercial real estate, transportation, infrastructure, other asset based credit and private corporate debt. It now has 183 professionals operating through ten offices in key global financial center’s across EMEA, USA and Australia.
Ravi Joseph, Executive Chairman commented: “This transition has long been anticipated and should be met with enthusiasm from clients and colleagues alike, with the comfort that Mount Street remains under Paul’s safe direction. The business is going from strength to strength and we are both excited about this change while looking forward to delivering continued growth through our focus on excellent client service.”
Paul Lloyd, CEO commented: “This is a hugely exciting time for Mount Street as we reach our tenth year in business. We are now managing over £100 billion of assets and the need for our varied services and products across the credit space, underpinned by our technology-based approach, is growing. With the strong platform we have established and our entrepreneurial culture, we are well placed to continue to respond to the structural changes in our industry and I look forward to leading the business into its next phase of growth. ”
For more information, please contact:
Tel: +44 3727 1000About Mount Street Group
Mount Street is a leading global third-party loan servicing and credit asset management firm with ca £100 billion of assets under management. Mount Street is recognised as a leading real estate loan servicer and among the fastest growing companies in Europe. Leveraging its proprietary technology and a global presence across 10 offices in key financial centers worldwide, Mount Street has built an international team of seasoned banking, real estate, infrastructure, credit and technology professionals to assist institutional investors in capturing value across the lifecycle of their credit and other investments.