Marketplace lending company Funding Circle (LSE: FCH) announced on Monday it has appointed Oliver White as its new Chief Financial Officer, following Sean Glithero’s decision to step down from his CFO role and from the Board. White will be joining Funding Circle from Vanquis Bank, where he is currently CFO. Prior to Vanquis Bank, White served as CFO at Barclaycard and had managed the combined asset of £40 billion, £5 billion of revenues and £1.6 billion of profits.
Speaking about White’s appointment, Samir Desai, CEO and Founder of Funding Circle, stated:
“On behalf of all at Funding Circle, I would like to thank Sean for his significant contribution since joining us in 2017. He has been an integral member of the team and someone I have always enjoyed working alongside. We wish him all the best for the future. In Oliver, we have the right successor to help support us in the next phase of our journey. Oliver has a proven track record and deep understanding of growing an international loan provider and I look forward to him joining.”
White also shared his thoughts about his new role:
“I’m looking forward to joining the Funding Circle team. SME lending is a substantial market and has been hugely underserved for years. The team at Funding Circle have shown over the last decade there is an alternative and better way to help SMEs access the finance they need to run their businesses.”
Glithero then added it has been a privilege to have worked alongside the Funding Circle team and while he’s taking a break, he will continue to remain of a strong supporter of the online lender and its mission.