UK P2P Lender RateSetter Announces Joanna Wright as New CRO

Peer-to-peer lending platform RateSetter has appointed Joanna Wright as Chief Risk Officer. Wright joins RateSetter from GE Capital where she was Chief Risk Officer for GE Capital Bank in the UK, leading a team of over 200 risk professionals with responsibility for prudential and enterprise risks across the bank. She was a member of the Executive Board and chaired the Enterprise Risk Management Committee.

“RateSetter is an innovative company that is leading the way in providing retail investors with a new way to add real value to their portfolios,” explained Wright. “I am looking forward to joining the team at this exciting phase of RateSetter’s development and contributing my risk management skills and experience as the business grows and delivers for its customers.”

As Chief Risk Officer at RateSetter, Wright will be responsible for overseeing and managing credit risk across the consumer and commercial lending businesses as well as operational and conduct risk for the wider business. In early September she will become a member of the Executive Team, attend meetings of the Board and sit on the Board Risk Committee.

“Excellent risk management is central to our business and over the last couple of years we have gradually built up a very good team of experienced people,”  stated RateSetter Founder and CEO Rhydian Lewis. “I am delighted that Joanna is joining the team to provide leadership and to help us manage the next stage of our development.”

Since its launch in 2010, RateSetter has diversified across multiple channels and across both consumer and business loans. On the investing side, RateSetter pioneered many firsts in the sector, including the Provision Fund model, which has made it popular with retail investors. Regulated by the Financial Conduct Authority, the P2P lending platform currently counts over 300,000 active investors and borrowers on its platform, making it one of the largest Fintech businesses in the UK.

In April Amanda Sharp joined the RateSetter team as its Regional Relationship Manager for London and the South East. Earlier this month Paul Manduca was appointed as Non-Executive Chairman, joining the Board on 1 June and later becoming Chair on 17 July, when current Chairman Alan Hughes’ three-year term expires.

 

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