Lender turns to former Close Brothers chief

He was a former chief executive at the group for 11 years

Lender turns to former Close Brothers chief

Insurance News

By Rommel Lontayao

Specialist lender Enra Specialist Finance has named Preben Prebensen (pictured) as its new chairman.

Prebensen was chief executive at Close Brothers Group from 2009 to 2020, when it tripled the size of its specialist lending business. Following his success at Close Brothers, he assumed a number of other corporate roles, including chair of specialist insurance firm RiverStone International, as well as serving on the board of British Land as senior independent director.

“Preben brings unrivalled experience, as well as a real passion and enthusiasm to help us achieve our ambitions as we continue to build the UK’s leading non-bank specialist lender,” Danny Waters, founder and chief executive at Enra, commented.

“I am exceptionally proud of what we have achieved as a company already. We have never been stronger or better placed, and with Preben and Elliott on board, I’m sure we will go on to even greater success.”

Elliott Advisors, an investment management company, acquired a majority stake in the Watford-based lender last year.

Commenting on his appointment, Prebensen said he was joining Enra at an “exciting time as the business continues to grow.”

“My role will be to advise and support Danny and the team who have done a great job establishing Enra,” he added. “I very much look forward to working with them, and with Elliott Advisors who bring deep expertise and resources as owners.”

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