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Peer2Peer Finance News | August 25, 2019

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Sancus Finance boosts sales drive with board promotion

Sancus Finance boosts sales drive with board promotion
Suzie Neuwirth

INVOICE trading peer-to-peer loans provider Sancus Finance has promoted Richard Whitehouse (pictured) to the board, in a move which it says will bring “sales back to the decision making table”.

Whitehouse joined the business in June last year, bringing with him 18 years’ experience in invoice financing, asset based lending, supply chain finance and trade finance from working at Aldermore Bank and Royal Bank of Scotland Invoice Finance.

He will now take up a specially created position on the board for sales and will continue to focus on developing strategic relationships with private equity houses and corporate finance partnerships.

Whitehouse said he was delighted to be joining at an exciting time for the firm.

“Businesses today have a much wider scope of finance solutions to choose from,” he said.

“Driven by non-bank sources, accessibility of much needed competitive finance to businesses on their terms has vastly improved. I am absolutely committed to ensuring our clients have access to a fast and flexible supply of finance to support their business growth.”

Read more: GLI chief fears “car crash” of P2P defaults

Caroline Langron, managing director of Sancus Finance, said it was a pleasure to award Whitehouse with a board position.

“His keen focus on ensuring we understand our clients’ requirements and deliver to them has paid dividends,” she said.

“He has an enviable track record in achieving performance objectives with a keen eye on returns. Having experience of managing a £500m client portfolio during his career he understands how important it is to deliver against expectations to achieve mutually beneficial relationships.”

It is the latest change since the platform’s owner GLI Finance announced a strategic review of the business following a £6.9m loss in the first half of 2016.

Read more: Platform Black rebrands as Sancus Finance