Peer-to-peer lender, China Rapid Finance, announced on Tuesday it has appointed Huaqiao (Joe) Zhang an independent non-executive director to its board. Previously, Zhang had served as an advisor to the website since August 2013.
According to the lender, Zhang brings industry knowledge and experience after having spent more than two decades in investment banking and finance. He served as the Chairman of Wansui Microcredit Company in Guangzhou from 2011-12. His work was recognized by The Microcredit Association of China, which named Mr. Zhang “Microcredit Person of the Year” in January 2012. His current position is chairman of Hong Kong-listed China Smartpay. He is also the author of Inside China’s Shadow Banking: The Next Subprime Crisis.
Dr. Zane Wang, CEO of China Rapid Finance, stated:
“The addition of Joe Zhang to our board will aid the Company in our aim to grow as a leading consumer lending marketplace that’s focused on strict risk management, transparency, and business innovation.”
Zhang added:
“I have strong belief that with its innovative technology and multi data, multi channel strategy, as well as its rigorous risk management practices, China Rapid Finance has unparalleled advantage to thrive in this huge, untapped market. I’m glad I can join China Rapid Finance to contribute my experience to its promising development in the future.”