Auxmoney has appointed Carsten Höltkemeyer, the former chief executive of Barclaycard Germany, as executive chairman of its board as part of a shake-up of senior staff.
In addition, the European peer-to-peer consumer lending platform has hired Denis Hall, the former global consumer chief risk officer at GE Capital, as a board member and chair of its risk committee.
Auxmoney has also appointed members to its newly established Strategic Advisory Council (SAC) of industry experts that will support the platform.
These include former Barclaycard managing director of strategic analytics Payal Jain, former Tarogbank board member Jürgen Lieberknecht and former managing partner of McKinsey in Germany Frank Mattern.
Axel Wieandt, who was previously head of corporate development and corporate investments at Deutsche Bank and an early investor and long-term independent board member of Auxmoney, has also joined the committee.
The SAC members will work closely with the executive committee to support management with strategic and operational advice.
Read more: Auxmoney secures €150m equity investment
“The appointment of these experienced board and SAC members with proven financial markets expertise is another key step to support our growth trajectory,” said Raffael Johnen, co-founder and chief executive of Auxmoney.
“In 2020, we achieved two important milestones, having completed a major funding round for the company and signed a partnership with BNP to provide finance for our credit platform.
“Disruption of the finance industry is in full swing, with fintechs providing better solutions for more people by leveraging data and technology. We will resolutely continue on this path.”
New SAC member Mattern noted that digitalisation of the financial market has accelerated dramatically during the pandemic.
“All banks have now recognised the urgent need to resolutely transform their business,” he added.
“Fintechs are showing in impressive fashion that digital technology facilitates better products for more people. They are innovation drivers and key partners for banks – Auxmoney is the best example of that.”