Peer-to-peer lending platform Funding Circle announced this week it has appointed former CEO of Nomura International and EMEA, Jeremy Bennett as its new global chief financial officer.
According to Funding Circle, Bennett has more than thirty years of experience in financial service industry, working for Credit Suisse, before becoming CEO of Nomura in Europe, Middle East and Africa and CEO of Nomura International. During the financial crisis, Bennett reportedly acted as a senior adviser to the Financial Services Authority and HM Treasury, and he was responsible for designing the £800 billion Asset Protection Scheme that provided insurance to all UK banks.
Bennett has also served as a senior adviser to HMT on the Vickers Commission recommendations, advising on the adoption, modification, and implementation of new banking structures for the UK government, and was a board member of the British Bankers Association.
Sharing details about his appointment, Bennett stated:
“The financial services industry is undergoing a profound change with technology-led companies like Funding Circle revolutionizing the customer experience for small businesses and investors. It’s a great time to be joining such a forward-thinking organization. The Funding Circle team are all about innovation underlined by a commitment to help small businesses around the world. That drives growth and creates jobs and that is why this is very exciting for me.”
Samir Desai, CEO and co-founder of Funding Circle, then added:
“Jeremy has significant experience in building large scale financial services businesses and will play an integral role as we continue our evolution. He brings years of credibility and importantly, shares our values and our ambition to continue to build a better financial world by revolutionizing the financial system and securing a better deal for everyone.”
