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Peer2Peer Finance News | September 16, 2019

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Proplend hires Morgan Stanley veteran as chief operating officer

Proplend hires Morgan Stanley veteran as chief operating officer
Kathryn Gaw

PROPERTY finance platform Proplend has appointed a former Morgan Stanley executive as its first chief operating officer.

Matt Carson joined Proplend after spending two decades working in the commercial real estate lending operations at the investment bank.

The platform has also hired Metro Bank and HSBC alumni Akmal Khan as business development manager, as it seeks to expand its ranks ahead of an “exiting” 2019.

“Akmal will be joining our borrower team with a remit to increase loan origination across the platform, both from our existing borrower and broker base and his own network”, said Proplend’s founder and chief executive Brian Bartaby.

Read more: Proplend opens IFISA to new investors

“We’re also delighted to welcome Matt to the team, whose institutional management and operational experience will be invaluable in assisting me guide Proplend through this next stage of sustained growth.”

Last year, Proplend passed its £50m lending milestone, with more than £100m of commercial property funded.

Since its launch in 2014, the platform has returned £16.5m of capital and more than £5m of interest to its investors, with no losses to date.

“Proplend has established an impressive track record with both investors and borrowers, and after a successful 2018, clearly has big plans for 2019 and beyond,” said Carson.

“I’m excited to be joining at a time of significant growth for Proplend, the tax-free Innovative ISA market and the peer to peer lending industry in general. I can’t wait to get started.”

Read more: Proplend launches auto-lend facility