Stephen Wallis has resigned as a non-executive director of Rebuildingsociety after two years in the role, to join peer-to-peer property lending platform Sourced Capital as operations director.
Sourced Capital is an appointed representative of Rebuildingsociety.
Since August 2018, Wallis served as a board member of P2P business lending platform Rebuildingsociety, sat on the credit risk committee and had voting rights regarding new borrower applications.
In his first full year in the role he helped the company to deliver a six-figure increase in profit via improved recovery reporting and processes.
Wallis said he has also invested in property P2P since 2017 and is a shareholder of a property company in North Yorkshire
He started his 15-year long financial services career in 2005 as a ratings analyst for Standards & Poor Ratings Services, then in 2007 he became an analyst at media business Bauer Media Group.
After being made redundant during the 2009 financial crisis, Wallis joined business growth platform Elavon Europe as a management information analyst, reporting collections, loss provisioning and budget reports to the head of credit. In his first year there he helped to reduce the firm’s credit losses in Europe by seven figures.
Wallis then spent a couple of years as risk intelligence officer and group collections controller at Ferratum Group, a fintech that operates a global financial platform for real-time scoring, lending and banking services, before serving as chief risk officer for Ferratum Bank, a subsidiary of the group.
In 2018 he founded Guerrilla Investors, a business that educates alternative investment for cash-rich time-poor professionals and business owners.