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Peer2Peer Finance News | September 23, 2019

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Ex-P2PFA chair Christine Farnish to lead new Zopa board

Ex-P2PFA chair Christine Farnish to lead new Zopa board
Marc Shoffman

FORMER Peer-to-Peer Finance Association chair Christine Farnish has been appointed to head a new board at Zopa as the platform restructures its governance ahead of its bank launch.

Zopa has set up a separate P2P board, to be chaired by Farnish (pictured), and one for the planned bank that will be headed by former Barclays and GE Capital banker Peter Herbert.

Both have also been appointed as independent non-executive directors.

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Zopa has also appointed former Standard Chartered group chief risk officer Richard Goulding and former Paddy Power Betfair chief technology officer Paul Cutter as independent non-executive directors for the bank board.

“Over the past 13 years, Zopa has grown significantly, delivering better value products and an excellent experience to its customers,” Giles Andrews, Zopa group chair, said.

“I am excited to have such an experienced group of independent non-executive directors joining us and I look forward to working with them on the next stage of Zopa’s growth.

“These appointments represent another major building block in our ambition to make Zopa the best place for its customers’ money.”

Zopa said it is looking to fill the remaining positions on its proposed bank and P2P boards in the coming months.

Read more: P2PFA chair Christine Farnish to stand down