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Oakwood to service second-charge and unsecured loans

Financial outsourcer Oakwood Global Finance has appointed Gerry McHugh as its new director of operations to spearhead the firm’s push into servicing the second-charge and unsecured loan sectors.

Oakwood already services mortgages loans. McHugh will oversee the expansion of the firm’s technology and operations platforms to allow it to enter these markets.

McHugh comes to Oakwood from Barclays wealth, where he was global head of credit operations. There he controlled the origination and servicing of all credit facilities. Prior to that, he held director level roles in the mortgage divisions of Lehman Brothers and Global Home Loans.

He says: “I am joining a senior management team with decades of experience in both financial services and investment banking, and I am confident that we will very quickly be able to develop and bring to market a new and broader service proposition.”

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