On Monday, RateSetter announced it appointed Michael Hoare as its new Head of Risk Analytics and Retail Credit. Hoare notably joins from PayPal UK, where he was Chief Credit Risk Officer.
Prior to PayPal UK, Hoare also worked at Capital One, where he held various positions including Credit Risk Management Director, Head of Portfolio Management, and Head of Third Party Marketing. RateSetter stated Hoare joins an established risk team that reports to the peer-to-peer lender’s Risk Committee, which is chaired by Jim Gunner.
Speaking about his new role at RateSetter, Michael commented:
“I’m excited to be joining RateSetter at a key moment in its growth. The company has proved genuinely innovative in the six years since it launched and has a great track record in helping investors manage risk – I look forward to helping it build on that record.”
Rhydian Lewis, CEO and co-founder at RateSetter, added:
“Managing risk is central to what RateSetter does, and we’re pleased to welcome an experienced specialist like Michael to our team. He will play a key role in helping us grow sustainably over the long term.”