Funding Circle has added finance director Tony Nicol to the board of several of its companies, following the departure of another member of staff.
Nicol has been named as a director on the boards of Funding Circle Global Partners, Funding Circle BB, Funding Circle Focal Point Lending, and Funding Circle Property Finance – all sister companies of the Funding Circle Group.
He has replaced Robert Kerrigan, who was Funding Circle’s head of legal and regulatory affairs. Kerrigan is believed to have left the company towards the end of 2021.
Given Nicol’s position as director of finance, he was nominated to replace Kerrigan on all four boards.
Funding Circle is the largest peer-to-peer lending platform in the UK, but its P2P lending operations have been placed on hold while the platform focuses on delivering government-backed loan schemes such as the now-ended coronavirus business interruption loan scheme and the ongoing recovery loan scheme (RLS).
Last month, the lender told Peer2Peer Finance News that it will not be reviewing its retail P2P business until the RLS comes to an end on June 30.
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