PEER-TO-PEER lender Folk2Folk has appointed its ‘risk man’ Roy Warren (pictured) as managing director, replacing former chief executive Giles Cross, who left the firm in June.
Warren was formerly head of risk and loan portfolio at the business lender and has spent four years at the company. He was named interim managing director following the departure of Cross.
Before joining Folk2Folk, Warren spent more than 37 years in corporate banking, asset finance, origination, risk and portfolio management.
Warren’s appointment comes as Folk2Folk announces four new additions to its board, along with the departure of co-founder Mark Parnall. Parnall has been a board member since the company was established in 2013, and he will remain a major shareholder in the business.
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The new additions to the Folk2Folk board include chief financial officer Alex Daly, farming expert and small business owner Graham Dingle, technology leader Justin Abbott Chalew, and strategy and transformation executive Megan McCracken.
“We’re delighted to warmly welcome our new board members who bring a broad range of technology, finance, general business and sector experience to complement the skills and knowledge of our current members,” said Warren.
“I am in no doubt the company will benefit from the perspectives they offer and the enthusiasm they bring. I look forward to leading Folk2Folk onto its next stage of development.
”I would like to personally thank Mark Parnall for his significant and vital role in bringing Folk2Folk from concept, through start-up to becoming ‘The Local Lending Movement’ it is today.”
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