SOCIAL lending peer-to-peer platform Flender has made two board appointments to lead its risk committee and advise on property finance.
David Mc Namara (pictured) has joined the Irish platform’s board as chair of the risk committee and Gerry Jennings has been recruited as property finance advser.
Mc Namara has had a 25-year career in investment banking, evaluating, underwriting, trading, structuring and marketing corporate credit for Bank of America, Chase Manhattan Bank, JPMorgan, Bank of Nova Scotia and, latterly, serving as non-executive director of Merrill Lynch International Bank and member of its risk oversight and audit committees.
Jennings also comes from the world of banking and has worked for Jaguar Capital as a director overseeing an international property portfolio.
He is also managing director of property investment firm The Solomon Group.
It comes after Flender raised €10m (£9.1m) last month to help it meet demand for small- and medium-sized enterprise (SME) loans.
The fundraising round is the first step in the firm’s plans to raise €50m from institutional investors, as it expands into property development.
The investment comes from the Paris-based Eiffel Investment Group, which has stakes in a number of P2P firms.
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