Despite the transition private lending has been experiencing, it’s gratifying to see that our industry has matured and even grown, proving its staying power and role in filling an essential gap among more traditional financial services.

As new private lenders enter the space and established businesses grow, where do they find the personnel to underpin that growth? Mentoring fresh faces is one way, but where and how do you connect with more established professionals?

Relevant side note: One of the ongoing complaints we hear is, “So-And-So hired my best employee! That’s got to be a Code of Ethics Violation!” 

[Note: It is not. We do recommend taking operational steps to protect trade secrets and employee noncompetes where warranted and legal.]

When the only way to hire from within the industry is to headhunt and casually put out feelers at events (“So, are you happy at XYZ Company?”), almost any new hire can become fraught with drama.

There must be a better way.

Oh wait! There is!

We are thrilled to announce the launch of the AAPL Jobs Board at aaplonline.com/jobs. AAPL members may list unlimited jobs at no cost, with a nominal fee for job posts from nonmembers. Employers can also choose to take applications through the Jobs Board platform or link to an external service. 

Current professionals now have one place to look for positions related to private lending or associated industry vendors.

Although this new service grew from frequent member requests (We heard you and finally built a “thing”!), its success is measured through activity. So please, post and peruse away! Oh, and back to hiring fresh faces or seasoned professionals: William Tessar wrote a well-timed article we’d like to highlight. Check out “Your People are Your Power” on page 10.

Linda Hyde,
Managing Director, American Association of Private Lenders