Paragon Development Finance is pleased to announce the appointment of Ray Wong as Relationship Director to help increase support of its SME developer customers.

Ray joins Paragon from Shawbrook Bank, where he spent two and a half years and was most recently a Relationship Director. He has also held banking and property roles at The Ingenious Group, Secure Trust Bank, NatWest and Santander over the past 14 years.

Ray will be based in Paragon Development Finance’s new Fenchurch Street head office and will cover the Midlands, London and South East. His appointment takes Paragon’s Relationship Director team to 13, supported by 16 Portfolio Managers.

Ray said: “I’m excited to join Paragon from Shawbrook, the company is building a fantastic reputation in the development finance market for delivery and has recorded strong growth in the past three years. I’m joining an experienced Relationship Director team and I’m looking forward to hitting the ground running and supporting new and existing clients.”

Robert Orr, Paragon Development Finance Managing Director, said: “Ray has enjoyed a strong period at Shawbrook so we are pleased to have recruited somebody with his experience and sector expertise. He will complement our existing Relationship Director team and I’m confident will be a great success.”

For further information contact:

Michael Clarke
Head of Media Relations
Tel: 07740090746

Notes to editors:

Paragon Bank provides competitive property development finance up to the value of £35 million across England and Wales. Paragon Bank Development Finance Limited is a member of the Paragon Banking Group which is a FTSE 250 group based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group has over £12 billion of assets under management and manages over 450,000 customer accounts. Paragon Development Finance Limited. Registered in England number 03901943. Registered office 51 Homer Road, Solihull, West Midlands, B91 3QJ.