Perenna completes Scroll integration and appoints head of sales

Perenna has completed the integration of specialist second-charge lender Scroll Finance, following its acquisition last year.

Scroll will continue to operate as a distinct brand focused on second-charge lending.

Perenna acquired the business as part of its growth strategy to expand into the specialist lending market.

Building on Scroll’s offering, Perenna plans to launch its own first-charge BTL product later this year.

Perenna has also made a senior hire during this integration, appointing Mil Consiglio as head of sales.

Mil will be responsible for driving awareness of the broadening proposition, strengthening relationships with brokers and supporting the firm’s future expansion into new areas of the lending market.

He brings 16 years of business development experience from across the industry, including roles at Lloyds Bank and Vida Homeloans. He joins from CHL Mortgages, and will report to Ashish Kashyap, who was appointed deputy CEO and chief commercial officer following the acquisition.

“As the business matures, we have the opportunity to diversify into segments of lending where borrowers and brokers continue to be underserved,” said Ashish.

“Bringing together Perenna and Scroll’s complementary expertise gives us a strong platform from which to accelerate that ambition.

“Scroll brings established expertise in second-charge lending, while our planned entry into first-charge BTL will further broaden the solutions we can offer.

Mil added: “Perenna has a clear ambition to grow its presence in specialist lending, and the combination of Perenna and Scroll gives us a strong proposition to take to the broker market.

“My focus will be on supporting the continued evolution of our proposition, ensuring we deliver excellent outcomes for customers and equip our distribution teams with the solutions, processes and support needed to serve the broker market effectively.

“With [a first-charge BTL offering] to come, we have a real opportunity to broaden our reach and help more customers meet their borrowing needs.”