Alternative financier Falcon Group has hired Mark Wyatt and Tim Esden to lead and develop its credit risk management division.
Wyatt becomes Falcon’s chief risk officer and will develop a bespoke risk management department. He joins Falcon after spending 28 years at credit insurer, Euler Hermes, where he held the role of director of risk, information and claims.
“The company has been growing rapidly and therefore now needs a risk function that can stay ahead of the institution in order to secure the company’s ambitious plans for growth,” Wyatt says. “It’s certainly exciting to join Falcon at this time and be part of this success story.”
Esden joins the team as portfolio manager but will also assist in supporting compliance and operations, having spent 14 years at Coface as head of its claims and debt collection department.
Falcon’s CEO, Will Nagle, says that the appointments will help to deepen the firm’s operations and was essential in “ensuring the company’s risk function is ‘fit for purpose’, not just for now, but to support further growth”.