Pallas Capital Appoints Darren Rix as Head of Credit Risk

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Pallas Capital Appoints Darren Rix as Head of Credit Risk

Pallas Capital, a specialist bridging and development finance lender, has appointed Darren Rix as its new head of credit risk. Rix brings 37 years of banking experience to the role, including senior positions at major banks and non-bank lenders.

Rix’s career includes 28 years in retail banking, focusing on corporate real estate and credit risk, with senior roles at Barclays, Bank of Scotland, and Santander. He has also led a project covering mixed real estate assets for a private equity firm and served as head of credit at two start-up non-bank lenders specialising in development finance. Most recently, Rix was head of real estate credit risk at Hampshire Trust Bank for nearly six years.

Pallas Capital launched in the UK earlier this year. The company’s chief credit officer, Uliana Kuzmis, highlighted that Rix’s experience aligns with Pallas Capital’s focus on bridging for experienced borrowers and development finance for SME and mid-level developers. Kuzmis stated that Rix’s appointment reflects the scale of the UK team and pipeline, and the importance of maintaining rigorous credit standards as the business grows.

For UK letting agents and inventory clerks, the appointment signals Pallas Capital’s commitment to supporting SME and mid-level developers, particularly those who self-deliver projects and maintain reliable supplier relationships. The lender has noted a shift in the market away from main contractors towards developers with more direct control over construction management.