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Peer2Peer Finance News | November 14, 2018

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Lendy unveils new hires including finance head

Lendy unveils new hires including finance head
Suzie Neuwirth

LENDY has unveiled a raft of new appointments to support the company’s growth.

The peer-to-peer secured property lender said on Thursday that it has hired accounting veteran Andrew Wawrzyniak (pictured) as its new head of finance. Wawrzyniak was previously head of finance at fund manager Fund Partners, whose clients include Octopus Investments, Pictet Asset Management and Russell Investments.

One of Wawrzyniak’s key tasks over his first 90 days will be to create a new finance management framework to enable the development of a range of new products.

“I am looking forward to getting involved in this dynamic and exciting sector as Lendy moves towards full Financial Conduct Authority market permissions,” he said.

Read more: Lendy to let investors track partial repayments of loans online

Lendy also announced the appointment of Ray Welsby as portfolio and debt recovery officer. Welsby joins from law firm Blake Morgan, where he worked on the commercial recoveries team providing advice to clients on debt recovery.

And finally, the P2P platform named Tom Blackler as business development manager. Blackler was previously a mortgage broker at one of the UK’s largest mortgage specialists and has worked in the property and finance industry for over 12 years.

“Andrew is one of a number of key appointments we have made over the last year as we’ve strengthened our senior team,” said Liam Brooke, co-founder of Lendy.

Read more: Show me the money! Lendy to prioritise investors who fund loans faster

“We are looking to continuous improvements in key areas such as loan origination, due diligence, and risk management and Andrew’s appointment is an important part of that process. His unique experience across fund management and accountancy will really add an extra dimension to the team.

“With us passing the £367m total lending mark, the appointments of Tom and Ray will support not only our loan origination targets this year, but also our important portfolio and recoveries activity, to ensure investment risk is mitigated for our investors.”

Read more: Lendy warns buy-to-let investors against putting “all their eggs in one basket”