New Lending Manager at Saffron Building Society

Richard Clare has been appointed as new Lending Manager at Saffron Building Society. He will take responsibility for assessment and preparation of mortgage cases as the underwriting capability.
Besides their rainge of Everyday and Special Situations Mortgages, Saffron Building Society will also consider more complex cases which are in need for bespoke lending solutions.
Richard Clare has more than 20 years of experience in financial services gained with organizations including UBS, Coutts, Ahli United Bank, United Trust Bank, Clayton Euro Risk, Pure Bridging Ltd, Rooftop Mortgages, SPML and Halifax plc. His considerable experience is as a senior lending manager.

Burst bubble fears on Middle East sukuk sales

London-based private bank Coutts warns of the possible bursting of the bubble in emerging market debts and recommends a switch towards equities and other assets less vulnerable to a sharp withdrawal of investment. According to Gary Dugan, the bank's chief investment officer for Asia and the Middle East, investors should beware in the Middle East of a significant sell-off in sukuk. In recent weeks, financial firms including Fitch Ratings and Goldman Sachs have joined a debate over whether a "bubble" is brewing in fixed-income markets.

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