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Peer2Peer Finance News | August 14, 2018

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Andrew Whelan

Sancus BMS builds its Irish property finance team

August 14, 2018 |

SANCUS BMS Group, the owner of the Sancus Finance and Sancus Funding peer-to-peer platforms, has made two new senior appointments from the Irish property finance sector.

Former Barclays executive Michael Mooney has joined the firm as managing director of Sancus … Read More

Sancus BMS hires Metro Bank’s Bristow to bolster credit team

December 20, 2017 |

SANCUS BMS Group has hired Metro Bank’s Andrej Bristow as credit manager to support its peer-to-peer property finance platform Funding Knight ahead of a long-awaited re-brand.

The alternative finance services provider, owned by Aim-listed GLI Finance, said on Wednesday that … Read More

Sancus Finance MD Caroline Langron to retire

November 1, 2017 |

SANCUS Finance has announced that its managing director Caroline Langron (pictured) will retire at the end of the year, to be replaced with Varengold’s Dan Walker.

The peer-to-peer invoice finance platform said on Wednesday that Walker will be responsible for leading … Read More

GLI Finance posts £16.5m loss after “difficult” 2016

March 27, 2017 |

ALTERNATIVE finance investment firm GLI Finance has reported a loss of £16.5m for 2016 following a “difficult year” for the group.

Much of the decline was attributed to goodwill write downs and operating losses at the firm’s peer-to-peer lending businesses Sancus Finance … Read More

GLI’s £10m bond lists on Cayman stock exchange

November 2, 2016 |

GLI FINANCE’S £10m bond issuance is now listed on the Cayman Islands Stock Exchange, following its acquisition of Gibraltar-based peer-to-peer lender Sancus.

The alternative finance-focused investment trust first announced its plans to increase its stake in Sancus back in May and issued … Read More

GLI chief fears “car crash” of P2P defaults

October 10, 2016 |

GLI Finance’s chief executive thinks that the UK’s peer-to-peer finance industry could be heading towards a “car crash” of escalating default rates.

Andrew Whelan, who heads up the alternative finance-focused investment firm, said on Monday that the current low … Read More

GLI Finance sells off assets as part of strategic review

October 3, 2016 |

LOSS-MAKING investment firm GLI Finance has sold off a number of assets as part of its strategic review .

The London-quoted company, which invests in a range of alternative finance providers including peer-to-peer bond platform UK Bond Network, said on … Read More

GLI chief blames spendthrift predecessor for £6.9m loss

September 26, 2016 |

GLI Finance’s chief executive today blamed his predecessor’s spending “splurge” for the investment fund’s £6.9m first-half loss and vowed to push ahead with the investment firm’s overhaul.

The company, which invests in a range of alternative finance providers including peer-to-peer bond platform … Read More