KUFLINK Group, which owns peer-to-peer property lender Kuflink, has appointed Narinder Khattoare as chief executive, following the departure of Tarlochan Garcha.
Khattoare was previously Kuflink Group’s sales and marketing director.
The group has also added Sukhdev Dhillon and Nattalie Weekes, head of collections, to the boards of P2P lender Kuflink and bridging lender Kuflink Bridging.
Khattoare said Kuflink Group has grown rapidly this year and needed to add fresh expertise to spread the responsibilities.
“With the strong upward trajectory that has been such a feature of our year, it was important to ensure we had the right complement of experienced professionals on board,” he said. “We now believe we have the correct balance in place.”
Khattoare added that the make-up of the boards reinforces the importance it places on maintaining complete separation between Kuflink and Kuflink Bridging.
“Investors can be reassured that investment and underwriting decision-making is kept separate to ensure total transparency,” he stated.
Kuflink, a property-backed P2P lender, launched its Innovative Finance ISA (IFISA) in July, together with an auto-invest service which automatically diversifies investor funds across a portfolio of property loans.