A SPECIALIST property lender owned by feared investment firm Elliott has snagged former Close Brothers chief executive Preben Prebensen as its chair, the firm announced yesterday.

Enra Specialist Finance, which offers property finance and specialist lending, was snapped up by Elliott for a reported £350m in March last year and has now appointed Prebensen to oversee the firm as it targets a period of bumper growth.

Prebensen led Close Brothers between 2009 and 2020 and tripled the size of its specialist lending business.

In a statement yesterday, he said he would throw his weight behind chief Danny Waters as the pair look to turn the firm into a major player in the non-bank lending sector.

"I'm joining Enra at an exciting time as the business continues to establish itself as the UK's leading non-bank specialist lender," he said.

"My role will be to advise and support Danny and the team on to even greater success."

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