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Peer2Peer Finance News | September 18, 2019

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Zopa co-founder Giles Andrews to chair board of European direct lender

Zopa co-founder Giles Andrews to chair board of European direct lender
Marc Shoffman

ZOPA co-founder Giles Andrews (pictured) has been named chair of European direct lending firm Dynamic Credit’s supervisory board.

The board will have three members and serves to strengthen the corporate governance of Dynamic Credit Group (DCG), which comprises of asset manager and direct lender Dynamic Credit and the investor servicing platform LoanClear.

This will add to Andrews’ current roles as non-executive chairman of Bethnal Green Ventures, the accelerator for start-ups using technology to make social or environmental impact, and his position of chairman of MarketInvoice.

Read more: Why Zopa’s P2P roots will be important for its bank launch

Dynamic Credit – founded by Tonko Gast – provides finance ranging from regular mortgage and buy-to-let loans to prime small business loans both in the Netherlands and internationally.

“I am delighted to be joining Tonko and his team and am really looking forward to working with them on the exciting opportunities they have in front of them,” Andrews said.

“I have been incredibly impressed by what they have achieved to date, both the scale of assets managed and the culture they have built over 15 years, which positions them so strongly for the next phase of their growth.”

Gast said Andrews and DCG share “core beliefs like always acting ethically, the importance of being curious and of being honest and transparent.”

Read more: Zopa maintains credit policy as it revises default expectations