Property finance lender MSP Capital has appointed its first dedicated IT & Transformation Director as it readies systems and processes for a projected loan book worth £750 million over the next five years.

Richard Cargill has joined the Poole, Dorset-based firm in the latest move of a 40-year career involving technical and senior managerial roles including at global level. His appointment is one of three recent additions to MSP Capital’s top team alongside Ben Arnold, Director of Property Services, and Julie Davies, Head of Risk & Compliance.

Richard began his IT career as a technical consultant supporting multinational corporations and government departments, representing leading technology companies including HP, IBM, Microsoft and Sun Microsystems.

He later transitioned into the financial services sector, where he held senior technology roles at organisations such as American Express, AXA, Aviva and Credit Suisse.

Focusing his work within the UK, Richard went on to become Chief Technology Officer for a prominent hedge fund and subsequently undertook several interim leadership roles, including with the merchant banking group Close Brothers plc.

Most recently, he served as Global IT Director at Advanced Instruments, where he played a key role in supporting the company’s mergers and acquisitions activity.

On joining MSP Capital, Richard said:

“MSP Capital is recognised for its speed, flexibility and strong, relationship‑focused approach. Supporting that is a sophisticated infrastructure that has strengthened its competitive position and fuelled sustained organic growth."

“My priority is to enhance MSP Capital’s growing capability to deploy funds as a principal lender by leveraging market‑leading technology. I’m excited to be part of the team.”

MSP Capital’s Chief Executive Leigh Bartlett said:

“Richard’s appointment is all about embracing the technological expertise to help us expand. We welcome him as a major contributor to our growth strategy and capability to scale up for the future.”

Richard, Ben and Julie’s arrivals follow MSP Capital’s launch of a package of lower rates on both development and bridging loans enabled by a landmark £350 million in new funding lines agreed last year.

The facility, involving investment partners J.P. Morgan and Pollen Street Capital, is designed to strengthen scope for a loan book worth £750 million or more by 2030.