Auxmoney appoints securitisation specialist

Auxmoney has appointed a securitisation specialist to lead its new capital markets proposition.

The German fintech firm, which started life as a peer-to-peer lender, has launched a new investment arm in Dublin, Ireland, called Auxmoney Investments.

Boudewijn Dierick has been named as managing director for the new company.

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He joins from BNP Paribas, where he was managing director and led the asset-backed securities markets team in the securitised products group.

Dierick has also been a director of the UBS securitisation team and a senior analyst at Moody’s.

“After 14 years in banking, I am looking forward to switching to the fintech world in this exciting role at Auxmoney and being part of its success story,” Dierick said.

“Technology will drive the next wave of innovation in finance industry and Auxmoney is best-positioned to reap the benefits of this change.”

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Max Rinke, managing director of Auxmoney backer Centerbridge Partners, said having Dierick on board will help boost its expansion plans, “therefore fortifying its position as one of the leading tech companies in Europe.”

Auxmoney partnered with BNP Paribas last year, so that the French bank will fund loans through its consumer lending marketplace.

It will use funding from BNP Paribas to invest up to €500m (£447m) in its own loans as part of the partnership.