LONDON 26th JULY: Following its successful launch this month, leading PropTech Coadjute today announces the appointment of three new Advisory Board Members, further strengthening their expertise and avenues for collaboration with all sectors of the property market.
Coadjute (which means ‘to co-operate’) is a digital network that connects the existing software that property businesses use; enabling them to synchronise data, share documents and connect to HM Land Registry instantly and securely in real time. As a result, for the first time all parties involved in a property deal – including the estate agent, conveyancer, mortgage lender and broker – can track the live progress of the transaction from start to finish. Seven of the largest UK property software companies have already signed up to Coadjute.
Elizabeth Chambers brings a wealth of knowledge and insight across banking, property, FinTech and payments sectors both in the UK and globally with a focus on building digital businesses. She is an Operating Partner with Searchlight Capital, a global PE firm, and serves on the Boards of TSB Bank plc, Provident Financial Group, and Tilney Smith & Williamson.
Earlier boards included Hastings Group. She has previously served on the advisory boards of fintech and SaaS software companies including GroupSystems, Datami, Digi.me, and Bink.
Elizabeth commented, “Coadjute is bringing innovative distributed ledger technology to one of the most important segments of the financial services landscape, simplifying the end-to-end journey for home buyers, lenders and all others involved in a transaction.”
Graham Felstead was for many years the Head of Intermediary Mortgages at RBS / NatWest Bank, and is widely known across the Mortgage Broking industry.
Graham joined RBS in 2001. He held many roles before going on to lead NatWest Intermediary Solutions in 2009. Throughout his career Graham collected a raft of awards for individuals and service, including his 2016 business leader award at the British Mortgage Awards.
“I’m really excited to be working with Dan again and look forward to helping Coadjute improve the home buying journey. I’ve worked with Mortgage Brokers over many years, and know that they want to support clients throughout the home buying journey. Coadjute provides a unique opportunity for them to deliver a better end-to-end experience”, said Graham.
Michael Day MBA FRICS FNAEA FARLA is a highly experienced and respected property industry advisor, mentor and trainer with over 900 estate agency clients. He is Managing Director of Integra Property Services, a Director of Teclet and an independent Consultant at Guidepoint, advising a range of international investment and property businesses. He is also a Founder Member of the charitable foundation Agents Together and a participant member of the Home Buying & Selling Group.
Michael added, “I am delighted to become part of the advisory board of Coadjute and to bring my 45 years of estate agency and wider property industry and proptech experience to the table. These are exciting times for an industry looking to “join up” processes and systems and Coadjute’s innovative use of blockchain technology to help facilitate and accelerate change will undoubtedly play a key part.”
The new members of the Advisory Board join existing members Maria Harris, who is a Non-Executive Director of United Trust Bank and Director of Digital Cat Consultancy Ltd, and Rob Hailstone who is a residential property conveyancer with over 40 years experience and the founder and Managing Director of Bold Legal Group.
Dan Salmons, CEO of Coadjute commented: “We are delighted to welcome Elizabeth, Michael and Graham to the Coadjute Advisory Board. Along with Maria and Rob, we now have a Board with unprecedented experience and knowledge across banking, broking, property and technology, bringing us invaluable expertise and relationships across the property market. The new appointments will help us in our mission to bring the industry together and enhance the way the property market works.”
The UK is currently only 42nd in the global ranking for ease of property transactions with at least 25% of deals falling through and billions lost in efficiencies. Coadjute introduces bank grade enterprise blockchain technology used for foreign trading and huge transactions to solve this problem in the property market, which could prove particularly timely given current market buoyancy. Backed by international venture funding, Coadjute will be rolling out across the UK over the next 24 months.
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