AMANY Attia has been appointed chief executive of ThinCats, taking over from John Mould with immediate effect.
Attia will oversee the next phase of expansion for the peer-to-peer business lender, which will include the launch of new products, the development of new technology and growth in its lending capital.
Until recently, Attia ran The Northview Group, a UK mortgage lender with more than £10bn in balance sheet and serviced assets. In this role she helped to grow and acquire businesses, to leverage data and analytics to improve customer growth and satisfaction, and to develop lending and servicing businesses in the financial sector.
Mould has served as chief executive at ThinCats for four years, during which time the platform achieved year-on-year new lending growth in excess of 100 per cent, and established new regional offices across the UK.
Earlier this month it was revealed that ThinCats had reduced its overall losses by 60 per cent last year, and recorded a 45 per cent rise in gross profits.
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“On behalf of all at ThinCats, we would like to thank John for his enormous contribution to the business,” said Quentin Baer, co-chairman of ThinCats.
“Under his leadership, ThinCats has transformed itself from a start up to an established competitor in the SME secured lending sector with institutional funding and strong origination and proprietary data analytics capabilities. We wish him well for his future endeavours.
“We have a great opportunity to capitalise on ThinCats’ impressive growth to date to create a bigger platform to compete with the mainstream banks, providing a superior service and loan product to UK SMEs. We are delighted that Amany, with her experience of scaling businesses and leveraging analytics and technology to improve the customer experience, is joining us to lead this next phase of growth.”
Attia added: “I am delighted to be joining ThinCats at such an exciting time in its development. The business is already firmly established as a leading provider of SME business loans and we have a real opportunity to continue to grow the business to capture more of the market which is underserved by traditional banks.”
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