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Peer2Peer Finance News | July 21, 2019

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Lendy names Robert Kelly as first ever COO

Lendy names Robert Kelly as first ever COO
Suzie Neuwirth

LENDY has appointed its first chief operating officer to support the company’s growth.

The peer-to-peer property lending platform announced on Wednesday that Robert Kelly (pictured) is taking on the role, with immediate effect.

Lendy said he brings over 25 years of senior level experience in operations management of financial services platforms. Kelly previously held the position of IT director of The Mortgage Lender, where he was also on the board, helping to oversee the company’s growth to a stage where it was originating £50m a month of residential mortgages.

Read more: Lendy hits 20,000 investor milestone

Other previous roles include chief information officer at Smart Driver Club, an app which connects to a car to provide an insurance quote, and head of IT for Wunelli, which develops telematics technology for motor insurance.

“We are extremely delighted that Robert has decided to join us as chief operating officer – his fintech expertise mixed with his property experience means he is a natural fit for our team,” said Liam Brooke, co-founder of Lendy.

“We have expanded and improved our team tremendously over the last 18 months. The expansion of our senior team is something that we will continue to focus on.

“One of the things that we are recognised for is the quality of our online platform – we’re looking forward to Robert helping make it even better for our investors and borrowers.”

Read more: Lendy investors to get a vote on overdue loans

Lendy has been expanding its team in recent months, having announced several new hires in February including a new head of finance.

Lendy has lent out more than £392m since launch in 2012, enabling investors to finance bridging and development loans for returns ranging between seven and 12 per cent.

The firm’s latest annual results showed that it had a record year in 2016, with profits surging from £53,000 to £3.3m and turnover increasing by 224 per cent to £29.2m.