Peer to peer lender RateSetter has announced the appointment of Martyn Scrivens as Non-Executive Director and Chair of the Board Risk Committee. Scrivens officially joins the Board on 1 November 2019.
Scrivens commented on his selection:
“RateSetter stands out with its unique model, strong reputation for risk management and unrivalled track record of delivering for customers. It is very exciting to join such an innovative and dynamic business and I look forward to working with my new Board colleagues on the next stage of RateSetter’s growth.”
According to a note from RateSetter, Scrivens has experience in audit and risk management, including operating at Board level in both the private and public sector. Scrivens spent five years at Credit Suisse Group where he was Global Head of Internal Audit and prior to that he oversaw group audit functions at Lloyds Banking Group.
Scrivens also serves as Non-Executive Director at Yeovil District Hospital. He is a Fellow of the Institute of Chartered Accountants and chairs the Institute’s Internal Audit Advisory Panel.
Paul Manduca, Chair of RateSetter’s Board, said that Scrivens brings extensive leadership experience to the company:
“I am delighted to welcome him to the RateSetter Board. Martyn joins at an exciting time, with P2P becoming a mainstream investment class and RateSetter establishing itself at the forefront of the sector as the lowest-risk and most liquid P2P investment proposition.”
RateSetter claims to be the UK’s most popular peer to peer lender with over 700,000 individuals having invested or borrowed via the platform. RateSetter incorporates a Provision Fund and reports that no investor has ever lost any money.