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Firms tap experienced leaders to drive UK market ambitions
Two financial services firms have announced key appointments to their leadership teams, signalling strategic intent to strengthen operations in the UK. Allianz UK, a major player in the insurance market, has appointed Sarah Watts (pictured, left) as partnerships director, while bridging lender Kuflink has named Gurmit Raina (pictured, right) as its new chief financial officer.
Allianz UK has appointed Watts as partnerships director as part of its effort to enhance its personal lines retail leadership team and support continued growth in the UK insurance market.
Watts will lead the strategy, development, and expansion of Allianz’s partnerships division, which works with intermediaries, affinity partners, banks and building societies. She had held the role on an interim basis and previously led the insurer’s intermediary sales and marketing teams.
With more than 25 years of experience in the personal lines market, Watts brings expertise in managing partner relationships across the financial services sector.
“I’m excited for what this means for our personal lines partnerships business. We see a big opportunity to grow our presence in the UK insurance market, which is a key part of our wider strategy of focused expansion,” said Henry Topham, managing director of retail insurance at Allianz UK.
Gravesend-based national bridging lender Kuflink has appointed Gurmit Raina as chief financial officer.
Raina, who had recently served as a finance consultant for Kuflink, has joined the board of directors under the leadership of CEO and co-founder Rawinder Binning. She brings over 20 years’ experience in senior financial roles and has a background as a group financial director and company secretary.
“Kuflink is fortunate to have Gurmit Raina as our new CFO,” said Binning. “Her experience at board level, managing complex financial operations, allied to her hands-on approach and innovative problem solving, are just what Kuflink needs at this stage of its expansion.”
“I am delighted to join Kuflink’s board as CFO. I am passionate about developing the obvious potential that the company possesses and look forward to helping to push Kuflink to achieve its goals as a lender and an already successful P2P platform,” said Raina.
What are your thoughts on the recent developments in the finance sector? Share your insights below.
Kuflink is delighted to be exhibiting at the NACFB Commercial Finance Expo 2024. This year’s event will take place at the Birmingham NEC on the 26 June with our Bridging team on Stand E01.
We look forward to welcoming brokers onto our stand to discuss our enhanced product offering and services in supporting those requiring swift alternative funding. Our core focus is on unregulated bridging, Mezzanine Second Charge loans, Development Finance (light and heavy refurbishment) and Equitable Charges.
We will also be joined by two of our expert underwriters to ensure any questions around specific cases or criteria may be answered to give brokers a full understanding of our human-centric approach and service.
This year, we have a new stand that is located at the entrance to the NACFB Members’ Lounge – Stand E01. There is more than one good reason to come and say “hello” to the team, starting with our Plinko game where you can test your luck (or skills), followed by entering our Prize Draw for a chance to win a pair of Apple AirPods Pro (2nd generation)!
Sustainability is important to us which is why we have used a modular stand design over the past 4 years. This system gives us the flexibility to tweak our design and look each year should we wish, in the knowledge that we are helping in a small way to reduce waste. The modular design was created in partnership with Quadrant2Design. Click here to see more of their work.
To register to attend the Commercial Finance Expo, click here.
“People and culture create the essence of any business which is why we focus on the happiness of our team”, commented Narinder Khattoare, CEO of Kuflink
Short-term lender Kuflink reported an annual profit of £1.89 million, a significant increase from the £729,122 achieved in the previous year.
Kuflink pointed to its £35 million structured funding facility from Paragon Bank, secured in the second half of last year, as having increased its ability to fund more loans. It means Kuflink has access to an alternative source of debt finance, alongside its peer-to-peer (P2P) platform.
Narinder Khattoare (pictured), CEO of Kuflink, paid tribute to the efforts of the lender’s team in achieving such an improvement to its profits, and suggested that the lender’s efforts to streamline its application process and integrate technology had helped deliver an improved experience to introducers.
He concluded: “One of the things I am most proud of is the fact that not one of the investors in our P2P platform, which funds the majority of our loans, have lost a penny of their investment since we started lending in 2016. So I am delighted to announce that proud record remains the same after the latest financial results.”
Last year Kuflink announced it was targeting a £500 million loan book after reshuffling its senior team.
Profits double in 2023
Short-term lender Kuflink has reported a record-breaking year, marked by a substantial increase in annual profit and the successful integration of technology into its application-to-completion process.
Narinder Khattoare (pictured), chief executive at Kuflink, disclosed an annual profit of £1.89 million, more than doubling the previous year’s figure of £729,122.
“Against a background of continuing national economic uncertainty, Kuflink has demonstrated its desire to constantly improve,” Khattoare remarked. “By dint of the hard work of all of the Kuflink team, we have more than doubled our annual profits.
“During the latter part of 2023, we increased our ability to fund more loans via a £35 million structured funding facility from Paragon Bank. This new funding line provides strategic access to institutional capital, scalable growth, new funding options and a significant alternative source of debt finance to the business, complementing our successful P2P platform.”
Other notable achievements, Khattoare added, have been the strides made to streamline the application process by the adoption of new technology.
“One of the things I am most proud of is the fact that not one of the investors in our P2P platform, which funds the majority of our loans, have lost a penny of their investment since we started lending in 2016,” he continued. “So, I am delighted to announce that proud record remains the same after the latest financial results.”
Kuflink, a short-term lending company, has reported a record-breaking annual profit of £1.89m, more than doubling from the previous year’s profit of £729,122.
CEO Narinder Khattoare credits the team’s efforts for the financial success amid economic uncertainty.
He said: “Against a background of continuing national economic uncertainty, Kuflink has demonstrated its desire to constantly improve. By dint of the hard work of all of the Kuflink team, we have more than doubled our annual profits.
“During the latter part of 2023, we increased our ability to fund more loans via a £35m structured funding facility from Paragon Bank. This new funding line provides strategic access to institutional capital, scalable growth, new funding options and a significant alternative source of debt finance to the business, complementing our successful P2P platform.
“Other notable achievements have been the strides we have made to streamline the application process by the adoption of new technology, which we are sure will give our introducers an even better service in 2024.”
Khattoare added: “One of the things I am most proud of is the fact that not one of the investors in our P2P platform, which funds the majority of our loans, have lost a penny of their investment since we started lending in 2016. So, I am delighted to announce that proud record remains the same after the latest financial results.”
Short term lender Kuflink reported an annual profit of £1.89m, over double the previous year of £729,122.
Kuflink’s chief executive officer Narinder Khattoare said that against a background of continuing national economic uncertainty, Kuflink had demonstrated its desire to constantly improve.
“During the latter part of 2023, we increased our ability to fund more loans via a £35m structured funding facility from Paragon Bank. This new funding line provides strategic access to institutional capital, scalable growth, new funding options and a significant alternative source of debt finance to the business, complementing our successful P2P platform”.
Khattoare also highlighted efforts to streamline the application process by the adoption of new technology.
Toward the end of 2023 Kuflink received a £35m structures funding facility from Paragon Bank, which provided access to institutional capital as well as new funding options and an alternative source of debt finance to the company, said Narinder Khattoare, CEO at Kuflink (pictured above).
Narinder continued: “By dint of the hard work of all of the Kuflink team, we have more than doubled our annual profits.
Other notable achievements have been the strides we have made to streamline the application process by the adoption of new technology, which we are sure will give our introducers an even better service in 2024.”
As Head of Collections for Kuflink, and armed with 30 years of banking experience, I have taken to this department like a duck to water. To get a deal underwritten requires an immense amount of work.Several checks
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Kuflink Ltd
Kuflink Ltd (Incorporated in England & Wales: Co. No. 08460508) is authorised and regulated by the Financial Conduct Authority (FRN: 724890) as an Online P2P Platform. Registered office: 21 West Street, Gravesend, DA11 0BF. Kuflink Ltd has been approved by the Board of HM Revenue and Customs to act as an ISA manager in May 2017 to offer Innovative Finance ISAs – ISA manager No – Z1943.
Lender/Investor Risk Warning
* Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more
† Gross annual interest equivalent rate – FAQ Link
† Secured on fixed charge (e.g. property) and/or floating charge
Kuflink Bridging Ltd
Kuflink Bridging Ltd is Incorporated in England and Wales as Co. No. 07889226. Registered office: 21 West Street, Gravesend, DA11 0BF.
Borrower 1 Risk Warning
ø Loans, interest rates and completion times are subject to underwriting criteria. We only sell bridging finance products from Kuflink Bridging Ltd. We do not offer products from across the mortgage market.
FAILURE TO MEET THE REPAYMENT CRITERIA OF A LOAN COULD RESULT IN THE SECURITY BEING REPOSSESSED.
Kuflink Home Loans Limited
Kuflink Home Loans Limited (Incorporated in England & Wales: Co. No. 07817421) is authorised and regulated by the Financial Conduct Authority (FRN: 571773) as a Lender for Regulated Mortgage Contracts. Registered office: 21 West Street Gravesend, Kent DA110BF.
Borrower 2 Risk Warning
øø Loans, interest rates and completion times are subject to underwriting criteria. We only offer mortgages from Kuflink Home Loans Ltd.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN(S) SECURED ON IT.
Kuflink One Ltd
Kuflink One Ltd (Incorporated in England & Wales: Co. No. 12206864) is authorised and regulated by the Financial Conduct Authority (FRN: 922026) as a Registered Account Information Service provider (AISP) – Open Banking. Registered office: 21 West Street Gravesend, Kent DA110BF.
Copyright © 2025 Kuflink Group Limited. All Rights Reserved.
Kuflink ® is a registered European Community trademark (No. 79295020 & 79295083) and a registered United States trademark (No. 1553541 & 1553358) of Kuflink Group Limited.
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