LendInvest, the leading online lender of commercial mortgages in the UK, has appointed Stephen Wilcke as a Senior Advisor. Wilcke is the former Executive Chairman of OneSavings Bank – a FTSE 250 specialty lender. According to LendInvest, Wilcke led OneSavings Bank on an extensive turnaround, transforming the financial firm. Wilcke departed OneSavings Bank when it became a challenger bank and IPO’ed in June of 2014 with a valuation of approximately £410 million. Wilcke then continued to serve on the board as a director until this past month.
Wilcke also did a tour of government service as CEO of HM Treasury’s Asset Protection Agency. From 2009 to 2012, Wilcke managed the agency that aided the UK’s most troubled banks, helping them to rebuild their balance sheets. He is currently a Commissioner of the Jersey Financial Services Commission, and Chairman of Amigo Loans, the UK’s largest guarantor lending business.
“LendInvest is now a leading name in specialist property finance, but we make no secret of our goal to be a mainstream financial services brand,” explained Christian Faes, Co-Founder & CEO of LendInvest. “The financial services world is one that’s subject to ever-growing layers of regulation, with new entrants like us under intense scrutiny. An open door to Stephan’s battle-hardened skills and extensive network will be invaluable to us as we continue to grow.”
Wilcke stated has followed LendInvest’s progress for many years. He has also been an investor on the platform.
“I have been incredibly impressed by what LendInvest has achieved. They are building a company with a distinctive culture that blends maturity with a desire to do things differently. It’s an exciting time to come on board.”
At LendInvest, Wilcke will leverage his experience of entering financial markets and interacting with regulators to LendInvest’s directors and executive team. Wilcke will help guide corporate strategy as LendInvest expands into the broader mortgage market.
The hiring of Wilcke comes at a crucial juncture in LendInvest’s growth. LendInvest has grown rapidly by providing effective financing for short to mid-term real estate loans. They now appear to be poised to add additional products to their portfolio. This also comes at a time where there is heightened regulatory interest in the online / P2P lending sector of finance.
LendInvest has originated over £660 million since 2013. The online lender has been profitable for the last two years.