City Moves for 28 January – who’s switching jobs at Tetra Pak, LOC Group and Relendex?
Who’s on the move today?
Tetra Pak
The Tetra Laval Group Board has appointed Adolfo Orive as president and chief executive officer of Tetra Pak, the food processing and packaging solutions company effective 1 April 2019. The appointment follows the decision by Mr Dennis Jönsson to step down from his position after 14 years as president and chief executive officer, and 36 years with the company in total. Adolfo , presently cluster vice president for North Central and South America, joined Tetra Pak in 1993. Prior to his present position he has had several managerial positions in the Group, including managing director of Colombia, Spain and cluster vice president North and Central Europe. He joined the Tetra Pak global leadership team in 2014.
LOC Group
LOC Group has announced the appointment of Nikos Benetis as group director of hull & machinery and due diligence services. Nikos has been with LOC since 2017, previously in the role of director of financial institution advisory services, and takes on his new role as part of the group’s ongoing initiative to structure its shipping division to reflect the changes in the industry and client’s needs. Nikos has over 20 years’ experience in the maritime and finance industries, which include several years at Lloyd’s Register and at RBS as director of distribution, capital & asset management in shipping.
Relendex
Relendex, the peer-to-peer (P2P) lender specialising in UK property, has announced the appointment of Fintan O’Riordan as Director of Lending. Fintan joins Relendex from Paragon Bank, where he was head of development finance, responsible for the formation of a new lending team. He is an experienced property banker having spent over a decade at Nationwide in addition to senior lending roles at Bradford & Bingley and Barclays. During his time at Paragon, Fintan was responsible for driving significant growth within the team and enhanced the firm’s geographical reach in the midlands and the north as well as increasing provision in London and the south east.
This new appointment follows a series of new hires for Relendex including new commercial director, Paul Sonabend, new business development Managers and a new underwriter as Relendex continues to build towards its target of £100m in new loans in 2019. Fintan said: “I am delighted to join Relendex during this exciting period of growth, as the firm looks to significantly increase the level of its loans this year. I am passionate about this market, and particularly admire how Relendex has stayed true to traditional property values in combination with embracing P2P technology.”