Mount Street appoints Grant Tough as Head of Primary Servicing
Mount Street Group (‘Mount Street’), a leading global third-party loan servicing and credit asset management firm, is pleased to announce the appointment of Grant Tough as Head of Primary Servicing.
Grant joins the team in London at Executive Director level, where he will be reporting to Managing Director Serenity Morley. Leveraging his strong industry experience, Grant will assume responsibility for the day-to-day operations of Mount Street’s primary servicing capabilities, managing teams based across Europe and Australia.
With a career spanning over 20 years, Grant brings an in-depth and exhaustive knowledge of the UK and European commercial lending market from both a restructuring and origination perspective. In his most recent role as Head of Loan Servicing at BCMGlobal UK Limited (UK and Germany), Grant oversaw the provision of loan servicing and loan advisory services across a number of teams, including CMBS Primary and Special Servicing, NPL, Facility and Security Agent, SME, Renewable Energy and Infrastructure and Asset Surveillance services.
Serenity Morley, Managing Director at Mount Street, commented:
“Grant’s preeminent track record, developed over a 20-year career covering the UK and European lending markets, offers a wealth of relevant experience in underwriting and loan management that should prove valuable to our clients. Grant joins at a pivotal period of growth for Mount Street, as we continue to see increasing demand for our varied services and products across the credit space, underpinned by our technology-based approach.”
Grant Tough added:
“Having followed Mount Street with interest since it was launched almost a decade ago, it has clearly stood out as an outstanding market player that differentiates itself through a first-hand expertise of key sectors and its ability to offer a full suite of bespoke solutions to the credit, structured and asset backed finance markets. I am thoroughly looking forward to joining the team and building on the positive momentum it has achieved.”
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, CreditHub; 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 211 professionals operating through ten offices in key global financial centres across EMEA, USA and Australia.
For more information, please contact:
Tel: +44 20 7659 7039
Tel: +44 20 3727 1000Senior hire strengthens loan servicing capabilities