BCMGlobal, one of Europe's leading independent loan and mortgage servicing firms and an affiliate ofLCM Partners, has been appointed to manage theNational Financing Support Services Company (NFSC)and to support its advancement into a best-in-class independent loan servicer in the Kingdom of Saudi Arabia.
Established by theSaudi Real Estate Development Fund (REDF)and theSaudi Real Estate Refinance Company (SRC), NFSC plays a central role in strengthening the Kingdom's mortgage and consumer finance sectors. Its mandate supportsSaudi Arabia's Vision 2030objectives to diversify and deepen the national financial system.
Building on more than 25 years of experience across Europe,BCMGlobalwill deploy a senior team to the Kingdom, including the forthcoming appointment of aHead of Servicingto lead the next phase of NFSC's development. The company will expand its service lines and local footprint, with plans to recruit and build operational capacity in Saudi Arabia. BCMGlobal's remit includes broadening NFSC's servicing capabilities beyond residential mortgages to encompassconsumer and commercial loans, while introducingback-up servicingandfacility agency servicesto support the region's evolving financial ecosystem.
These developments will provide critical infrastructure for both domestic institutions and international lenders seeking to participate in the Kingdom's rapidly growing financial markets. BCMGlobal has already seen strong early interest fromleading global banks and investment houses, reflecting the quality of international engagement being drawn to the Kingdom's financial sector.
“With over 25 years of experience managing performing, re-performing and non-performing loans, BCMGlobal brings deep operational and data expertise to the Kingdom,” saidSimon Fitness, Chief Executive Officer of BCMGlobal. “We are committed to embedding ourselves within the local market – both operationally and as an employer – building teams and technology in the Kingdom that deliver world-class servicing aligned with the goals of Vision 2030.”
Paul Burdell, Chief Executive Officer of LCM Partners, added: “Saudi Arabia continues to demonstrate world-class ambition and leadership in developing its financial markets. We are proud to play a supporting role alongside partners such as REDF and SRC, whose vision and commitment to excellence are helping shape a modern and dynamic financial services sector. BCMGlobal's servicing expertise, data capabilities and technology will complement these efforts and contribute to building an institution of enduring strength and capability in the NFSC.”
With approximately€45 billion of assets under managementand operations across five European jurisdictions,BCMGlobalprovides end-to-end loan servicing, portfolio management and data analytics solutions for more than 125 financial institutions. Its appointment to work with NFSC marks a significant milestone in BCMGlobal's international expansion and underlines its role as a strategic partner in the evolution of financial services infrastructure in the Kingdom of Saudi Arabia.
About BCMGlobal
BCMGlobal is one of Europe's leading independent loan and mortgage servicing firms, specialising in end-to-end asset management, loan administration and data-driven servicing technology. Operating across the UK, Ireland, the Netherlands, Italy and Spain, BCMGlobal manages more than €45 billion in assets and provides solutions to over 125 banking and financial institutions. BCMGlobal is part of theLC Financial Holdings groupand an affiliate ofLCM Partners.
Media Contact:Alison Swonnell Managing Director, Client SolutionsE: ASwonnell@LCMPartners.euW: www.bcmglobal.com
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