Settlement and digital exchange platform PEXA have announced a further two senior hires as it ramps up ahead of the launch of its sale and purchase proposition later in the year. James Foster and Paul Davies join as Director of Lender Sales and Head of Conveyancer Relationships respectively.
Foster will be responsible for building and deepening existing relationships with lenders who already include Hinckley and Rugby Building Society, Shawbrook Bank, NatWest and Metro Bank. He joins from Gartner, where he was responsible for delivering guidance and tools to large enterprises. He was also Head of Direct Sales at Mortgage and has extensive experience in retail banking during a career which has spanned 14 years. PEXA say Foster will play a critical role in the maintenance and development of key lender relationships to help their transition to both the remortgage product and, later, the Sale & Purchase proposition.
Davies joins as Head of Conveyancer Relationships and will be responsible for the ‘continued collaboration with conveyancers’ say PEXA. He brings 25 year’s experience across lending, conveyancing panel management and most recently risk management with Teal Legal and will formally join the business alongside Foster in March 2025.
Commenting on the appointments PEXA UK CEO Joe Pepper said
“As we look to build on the significant progress and momentum we built last year, 2025 is set to be a pivotal year for PEXA. We are strengthening our senior team to match our growth ambitions and to ensure that we can deliver at scale and pace for our customers in the best way for them. Both Paul and James are formidable hires who will be absolutely critical to achieving our goals. I’m delighted to welcome them.”
James Foster added:
“Throughout my career to date I have seen the true power of digital transformation across the whole financial services spectrum. I have first-hand experience of just how valuable it is, and helping clients navigate it is a huge passion of mine. PEXA is at the forefront of this innovation in the property market and there’s no denying the vital role it can play in making lenders’ lives easier, so joining the team was an offer I couldn’t refuse. I’m excited to get started and see what 2025 holds.”
Paul Davies said:
“My career has been entirely dedicated to the property sector and developing ways to improve the home buying and remortgaging process. Ultimately, we can only deliver that vision if we drive efficiencies for conveyancers – they are so burdened with heavy work loads. Driving innovation in the infrastructure that supports them is vital, and I am passionate about creating partnerships with them that helps do just that. I know that my passion aligns with PEXA’s vision, so it was the perfect fit for me.”
PEXA recently announced that it has processed £100m worth of UK remortgage transactions through its platform demonstrating what it says is ‘the increasing appetite among stakeholders to overhaul the technology and back-end infrastructure supporting the sector.’ PEXA have previously said it plans to roll out a sale and purchase proposition later this year.
News of the appointments follows the recruitment of Nitesh Thadani, formerly of Mojo Mortgages, to the role of UK Chief Technology Officer