Australian peer-to-peer lending platform SocietyOne has appointed Melanie Cochrane and Jamie McPhee as independent non-executive directors.
Cochrane is a former senior vice president at American Express, where she led the merchant services business for the Asia Pacific region and, prior to that, corporate payments.
Meanwhile, McPhee has financial services experience as the former chief executive of ME Bank, executive director of Bendigo and Adelaide Bank and managing director of Adelaide Bank. He has also served as a director of Rural Bank and the Melbourne Renegades.
“Jamie and Melanie bring significant and relevant corporate experience to SocietyOne and equip us with capabilities that will help us sharpen our strategic focus and accelerate the momentum the business is enjoying,” said Mark Jones, chief executive of SocietyOne.
“I’d like to personally welcome both Jamie and Melanie to the team and am looking forward to their contributions.”
“I am thrilled to be joining the board,” said Cochrane.
“I believe this is an exciting time for SocietyOne in its growth journey, and with the key ingredients of a market leading customer experience and digital know how, I see a very bright future.”
“SocietyOne is at an extraordinary time in its journey,” said McPhee.
“I am pleased to be joining the board and having the opportunity to contribute to the next phase of the company’s growth and development.”
This year, SocietyOne has launched a secured personal loan product and partnered with Australian bank and financial services provider Westpac Group.
The Australian lending market has been busy of late.
In December, Australian P2P lending platform Plenti, which previously used the RateSetter branding, secured a AUS$100m warehouse facility to grow its renewable energy and personal loans offering and in November small- and medium-sized enterprise finance aggregator Swoop said it was expanding into Australia.