Angus Dent (pictured) has stepped down as chief executive of business lending platform ArchOver, with Charlotte Marsh taking over the day-to-day running of the business.
Dent co-founded the peer-to-peer platform in 2013 and has acted as the company’s chief executive and director ever since. He has resigned from both of those positions to focus on his new role as ArchOver Group chief executive, where he will oversee operations at engineering specialists UnitBirwelco and Rail Signalling & Power (RS&P).
“I’m ArchOver Group chief executive,” Dent told Peer2Peer Finance News. “I have an overview of all the companies in the ArchOver Group but I’ll be focusing particularly on the two engineering companies.”
Marsh has been named managing director of the ArchOver P2P platform, and Dent said that he believes she will take the platform “from strength to strength”.
“Charlotte and I have worked together for a long time,” he said. “I know her very well and I’m sure she will be a good custodian of ArchOver and drive that business forward.
“She has my full support and confidence and not just mine – she has the support of everyone at ArchOver, both those who now report to her and the board members.”
Dent added that he believes the current coronavirus crisis will be a great opportunity for P2P, and for ArchOver in particular.
“I think the opportunity for P2P and ArchOver is very big, and with me moving sidewards in the organisation, we’ve released a lot of new energy in the company,” he said.
Read more: ArchOver simplifies loan categories
“We’ve got people who have been with the business for five years or so now – know the business inside out and they are really going to put the business on steroids.
“I set the business up a long time ago now and while I’m still fascinated by the business, its wholly appropriate that others bring their energy to it now.”
Dent will oversee UnitBirwelco and RS&P as they work to maintain production during the coronavirus pandemic.
“We’re working flat out,” he said. “It’s very important that we keep working and that we find a different way to work. Its going to be a struggle – there are shortages of supply from Spain and Italy but its essential that companies like UnitBirwelco and RS&P keep working and keep those services going.
“The current crisis will pass,” he added. “And with its passing that will create opportunity because change always creates opportunity.”